614.02 Scope and purposes.
(1) Scope.
(a) Domestic fraternals. This chapter applies to all fraternals organized under the laws of this state.
(b) Nondomestic fraternals. Except as expressly provided in this chapter and in s. 618.26, this chapter does not apply to nondomestic fraternals.
(2) Purposes. The purposes of this chapter are:
(a) To provide a complete, self-contained procedure for the formation of fraternals.
(b) To assure the solidity of fraternals by providing an organizational framework to facilitate sound management, sound operation and sound regulation.
(c) To strengthen internal fraternal democracy through as much member participation as is practicable.
(d) To encourage the fulfillment of the special purposes of fraternals.
History: 1975 c. 373.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 614 - Insurance — fraternals.
614.03 - Orders imposing and relaxing restrictions.
614.05 - Applicability of other insurance laws to fraternals.
614.07 - General corporate powers and procedures.
614.09 - Reservation of corporate name.
614.10 - Members and applicants in fraternals.
614.12 - Articles of incorporation and bylaws.
614.13 - Organization permit and certificate of incorporation.
614.14 - Powers under organization permit and deposit of proceeds of subscriptions.
614.16 - Termination of organization permit and payment of organization expenses.
614.18 - Incorporators' liability and organization expenses.
614.19 - Initial surplus requirements.
614.20 - Certificate of authority.
614.22 - Accelerated organization procedure.
614.24 - Segregated accounts, variable benefits and subsidiaries.
614.28 - Changes in business plan.
614.29 - Amendment of articles of incorporation.
614.31 - Securities regulation.
614.33 - Authorized securities.
614.41 - Communications to members.
614.42 - Representative form of government.
614.43 - Annual report to fraternal members.
614.53 - Removal of directors and officers and filling of vacancies.
614.54 - Supervision of management changes.
614.55 - Continuity of management in emergencies.
614.56 - Committees of directors.
614.57 - Interlocking directorates and other relationships.
614.60 - Transactions with affiliates and in which directors and others are interested.
614.62 - Directors' liability and indemnification.
614.63 - Executive compensation.
614.66 - Exclusive agency contracts and management contracts.
614.73 - Merger and consolidation of fraternals.
614.74 - Voluntary dissolution of solvent domestic fraternals.
614.76 - Voluntary conversion of fraternals to mutuals.
614.77 - Rehabilitation or involuntary conversion.
614.78 - Maintenance of solvency.
614.79 - Rehabilitation and liquidation.
614.82 - Fraternal expenditures and activities.