644.23 Authority to issue mutual bonds and contribution notes. Section 611.33 (2) (a), (b), (c) and (e) applies to mutual holding companies. In the event of dissolution under this chapter, unpaid amounts of principal and interest on contribution notes shall be subordinated to the payment of principal and interest on any mutual bonds issued by the mutual holding company at any time.
History: 1997 a. 227.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 644 - Domestic mutual insurance holding companies.
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.
644.15 - Sale of voting stock; subscription rights; dividends.
644.16 - Board of directors, committees and records.
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.