Wisconsin § 215.24 - Minimum net worth.
Full text of Wisconsin Wisconsin Statutes § 215.24 — Minimum net worth., with citation guidance and answers to common questions.
§ 215.24. Minimum net worth.
An association shall maintain net worth at an amount not less than the minimum amount established by the division. If an association fails to maintain the minimum net worth required under this section, the division may take appropriate action, including but not limited to ordering the association to take corrective action or to restrict payment of dividends. 215.24 History History: 1973 c. 205 ; 1975 c. 359 ; 1983 a. 167 ; 1995 a. 27 . 215.24 Cross-reference Cross-reference: See also s. DFI-SL 5.01 , Wis. adm. code.
Frequently Asked Questions About Wisconsin § 215.24
What does Wisconsin Statutes § 215.24 cover?
Section 215.24 ("Minimum net worth.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 215.24?
A common citation format is "Wisconsin Statutes § 215.24" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 215.24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.