644.29 Involuntary dissolution of domestic mutual holding companies. A mutual holding company may at any time during a voluntary dissolution under ss. 181.1401 to 181.1407 apply to the commissioner to have dissolution continued under the commissioner's supervision. Any distribution to members shall be limited in the same manner as under s. 644.28 (5) and any excess over such amounts shall be paid into the state treasury to the credit of the common school fund.
History: 1997 a. 227; 1999 a. 30.
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.