Wisconsin Statutes & Annotations
Chapter 644 - Domestic mutual insurance holding companies.
644.05 - General corporate powers and procedures.

644.05 General corporate powers and procedures.
(1) Powers. Subject to s. 644.19 (2) and (3), s. 181.0302 (intro.), (1) to (15), (18) and (19) applies to mutual holding companies.
(2) Effect of unauthorized corporate acts. Section 181.0304 applies to mutual holding companies, except that, for purposes of this subsection, “attorney general" used in s. 181.0304 (3) means “commissioner".
(4) Waiver of notice and informal action by members or directors. Sections 181.0704, 181.0706, 181.0821 and 181.0823 apply to mutual holding companies. For purposes of this subsection, “board" used in s. 181.0821 includes “committee of the board of a mutual holding company".
History: 1997 a. 227; 1999 a. 30.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 644 - Domestic mutual insurance holding companies.

644.02 - Definitions.

644.03 - Scope and purposes.

644.04 - Restructuring.

644.05 - General corporate powers and procedures.

644.06 - Registered agent for service of process.

644.07 - Restructuring procedures.

644.08 - Reservation of corporate name.

644.09 - Articles, amendments, bylaws and principal officers.

644.10 - Acquisition, merger or consolidation as part of the plan.

644.11 - Restructuring of domestic or foreign mutual with existing domestic mutual holding company.

644.12 - Transfers of a mutual holding company's place of domicile to this state.

644.13 - Restrictions on ownership.

644.14 - Member rights.

644.15 - Sale of voting stock; subscription rights; dividends.

644.16 - Board of directors, committees and records.

644.17 - Removal of officers.

644.18 - Directors' and officers' liability and indemnification.

644.19 - Executive compensation.

644.20 - Management contract services.

644.21 - Annual report of domestic mutual holding company.

644.22 - Securities regulation.

644.23 - Authority to issue mutual bonds and contribution notes.

644.24 - Subsequent restructuring.

644.25 - Conversion of domestic mutual holding company into a stock corporation.

644.26 - Transfer of business or assets of mutual holding companies.

644.27 - Merger and consolidation of mutual holding companies.

644.28 - Voluntary dissolution of domestic mutual holding companies.

644.29 - Involuntary dissolution of domestic mutual holding companies.