Wisconsin § 215.59 - Mutual savings and loan holding companies.
Full text of Wisconsin Wisconsin Statutes § 215.59 — Mutual savings and loan holding companies., with citation guidance and answers to common questions.
§ 215.59. Mutual savings and loan holding companies.
215.59(1) (1) Formation. 215.59(1)(a) (a) Reorganization. A mutual association may reorganize as a mutual savings and loan holding company under this section. 215.59(1)(b) (b) Plan. A reorganizing mutual association shall prepare a reorganization plan. Under a reorganization plan, a mutual association shall do all of the following: 215.59(1)(b)1. 1. Charter a stock association. 215.59(1)(b)2. 2. Transfer to the stock association a substantial part of its assets and liabilities, including all of its savings account liabilities. 215.59(1)(b)3. 3. Prepare articles of incorporation and bylaws for the mutual savings and loan holding company. 215.59(1)(c) (c) Capital asset retention. Subject to the approval of the division, if the net worth of the stock association chartered under the reorganization plan exceeds the minimum net worth under s.
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 215.59
What does Wisconsin Statutes § 215.59 cover?
Section 215.59 ("Mutual savings and loan holding companies.") 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 § 215.59?
A common citation format is "Wisconsin Statutes § 215.59" (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 § 215.59 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.