Wisconsin § 215.01 - Definitions.

§ 215.01. Definitions.

In this chapter: 215.01(1) (1) “Association” means a savings and loan association, a building and loan association or a savings association operating as a mutual or capital stock corporation. 215.01(2) (2) “Board” means the board of directors of an association. 215.01(3) (3) “Branch office” means a place of business, other than the home office, where the business of an association is conducted but does not include a limited office or extended office under s. 215.13 (36) or (47) . 215.01(4) (4) “Bylaws” means the bylaws of a given association. 215.01(5) (5) “Capital stock” means the aggregate of shares of nonwithdrawable stock issued by a stock association. 215.01(6) (6) “Division” means the division of banking. 215.01(6m) (6m) “Deposit insurance corporation” means the federal deposit insurance corporation or any other instrumentality of or corporation chartered by the United States that insures deposits of an association and is supported by the full faith and credit of the federal government. 215.01(7) (7) “Earnings” means the return paid on or credited to savings accounts, and may be designated as earnings, dividends or interest. 215.01(7m) (7m) “Federal regulatory agency” means a federal agency or entity that supervises and examines an association. 215.01(8) (8) “Federal savings and loan association” means a savings and loan association organized pursuant to the Home Owners’ Loan Act of 1933, and any acts amendatory thereof and supplementary thereto. 215.01(9) (9) “Foreign association” means a savings and loan association organized under the laws of any other state or territory, but does not include a federal association. 215.01(10) (10) “Guaranteed mortgage loans” means loans wholly or partially guaranteed by the U.S. department of veterans affairs under the servicemen’s readjustment act of 1944, P.L. 78-346 , and acts amendatory thereof and supplementary thereto. 215.01(11) (11) “Home office” means the principal place of business of an association. 215.01(13) (13) “Impairment of savings accounts” means that the assets of an association do not have an aggregate appraised value equal to the aggregate savings accounts and other liabilities of the association. 215.01(15) (15) “Insured loans” means loans wholly or partially insured by a state or federal agency. 215.01(17) (17) “Member” means a person owning a savings account in a mutual association or in a stock association if the stock association is a subsidiary of a mutual savings and loan holding company but does not include a person owning a savings account evidenced by a negotiable certificate of deposit which is not in registered form. 215.01(18) (18) “Mutual association” means a mutual savings and loan association. 215.01(18m) (18m) “Mutual savings and loan holding company” means a holding company organized under s.