215.519 Indemnification and allowance of expenses of employees and agents. A mutual association may indemnify and allow reasonable expenses of an employee or agent who is not a director or officer to the extent provided by the articles of incorporation or bylaws, by general or specific action of the board or by contract.
History: 1987 a. 13.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 215 - Savings and loan associations.
215.02 - Powers of the division.
215.03 - Supervision and control of associations.
215.11 - Surety bond of association's officers, directors and employees.
215.12 - Penalty for dishonest acts; falsification of records.
215.13 - Powers of savings and loan associations.
215.135 - Additional authority.
215.137 - Savings promotion prize programs.
215.141 - Financially related services tie-ins.
215.15 - Evidence of ownership of savings accounts.
215.16 - Savings account earnings.
215.17 - Withdrawal of savings accounts.
215.18 - Closing of savings accounts.
215.19 - Loans on savings accounts.
215.20 - Property improvement loans.
215.205 - Other loans and investments.
215.215 - Nonconforming loans.
215.22 - Real estate owned by association.
215.23 - Limitations on investments in office buildings and related facilities.
215.25 - Annual audit requirement.
215.26 - Miscellaneous provisions.
215.32 - Possession by division; involuntary liquidation.
215.33 - Foreign associations.
215.35 - Conversion; or absorption; waiver.
215.36 - Interstate acquisition and merger of associations.
215.40 - Incorporation of a mutual savings and loan association.
215.41 - Articles of incorporation for mutual associations.
215.42 - Bylaws of mutual associations.
215.43 - Members and voting rights in a mutual association.
215.50 - Directors of a mutual association.
215.51 - Officers of a mutual association.
215.512 - Definitions applicable to indemnification and insurance provisions.
215.513 - Mandatory indemnification.
215.514 - Determination of right to indemnification.
215.515 - Allowance of expenses as incurred.
215.516 - Mutual association may limit indemnification.
215.517 - Additional rights to indemnification and allowance of expenses.
215.518 - Court-ordered indemnification.
215.519 - Indemnification and allowance of expenses of employees and agents.
215.523 - Reliance by directors or officers.
215.524 - Consideration of interests in addition to members' interests.
215.525 - Limited liability of directors and officers.
215.528 - General operation of a mutual association.
215.53 - Absorption involving mutual associations.
215.56 - Voluntary liquidation of a mutual association.
215.57 - Jurisdictional conversion of mutual associations.
215.58 - Organizational conversion from mutual to stock form.
215.59 - Mutual savings and loan holding companies.
215.60 - Incorporation of a capital stock savings and loan association.
215.61 - Articles of incorporation for capital stock associations.
215.62 - Bylaws of stock associations.
215.64 - Control of association by holding company.
215.70 - Directors of a stock association.
215.71 - Officers of stock association.
215.72 - General operations of a stock association.
215.73 - Absorption involving stock associations.
215.76 - Voluntary liquidation of a stock association.
215.77 - Jurisdictional conversion of capital stock associations.