215.71 Officers of stock association.
(1) General officers.
(a) The general officers of a stock association shall be:
1. A president;
2. One or more vice presidents;
3. A secretary;
4. A treasurer; and
5. Such other officers as the board of directors by resolution designate.
(b) The president shall also be a director.
(2) When elected. Immediately following each annual meeting of stockholders the directors shall convene and elect general officers for the ensuing year, in accordance with the bylaws.
(3) Duties of officers. In addition to the duties and functions prescribed in the articles of incorporation and the bylaws, the officers shall perform such other duties as are delegated by the directors.
(4) Filling vacancies. If a vacancy occurs in any general office, the directors shall, as soon as practicable, fill such vacancy by an election for the duration of the unexpired term.
History: 1975 c. 359; 1983 a. 167.
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.