Wisconsin Statutes & Annotations
Chapter 614 - Insurance — fraternals.
614.29 - Amendment of articles of incorporation.

614.29 Amendment of articles of incorporation.
(1) Right to amend articles. The articles of a fraternal may provide for amendment by the supreme governing body or by the board of directors, and may provide also for amendment by the members by referendum. If amendment is by referendum, a majority of those members who vote must vote affirmatively. Votes cast within 60 days from the date of mailing of the ballots by the fraternal shall be counted. The timeliness of a vote is determined by the date of its mailing as proved by its postmark or other suitable evidence.
(2) Filing. For 5 years after the initial issuance of a certificate of authority, proposed amendments of the articles which are not changes in the business plan shall be filed with the commissioner at least 30 days before the amendment is submitted for approval to the members or to the supreme governing body, or if neither is required, at least 30 days before its effective date.
(3) Filing of articles of amendment. No amendment is effective until the articles of amendment are filed with the commissioner, together with a statement of the results of the voting on the amendment.
(4) Publication to members. Within 4 months after the filing of the articles of amendment with the commissioner, they shall be furnished to all members either by mail or under s. 614.41 (1).
History: 1975 c. 373; 1979 c. 102; 2009 a. 342.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 614 - Insurance — fraternals.

614.01 - Definitions.

614.02 - Scope and purposes.

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.

614.11 - Incorporators.

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.

614.51 - Board of directors.

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.

614.80 - Tax exemption.

614.82 - Fraternal expenditures and activities.

614.94 - Fraternals as fundholders.

614.96 - Exemption of fraternal benefits.