Wisconsin § 617.225 - Extraordinary dividends.
Full text of Wisconsin Wisconsin Statutes § 617.225 — Extraordinary dividends., with citation guidance and answers to common questions.
§ 617.225. Extraordinary dividends.
617.225(1) (1) A domestic insurer may not pay an extraordinary dividend to its shareholders and an affiliate of the insurer may not accept an extraordinary dividend unless the insurer reports the extraordinary dividend to the commissioner at least 30 days before payment and the commissioner does not disapprove the extraordinary dividend within that period. 617.225(2) (2) The commissioner may promulgate rules under this section including, but not limited to, rules prescribing the form and content of and procedure for filing reports under this section. 617.225(3) (3) An insurer may declare an extraordinary dividend that is conditioned upon the insurer’s compliance with sub. (1) . A declaration of an extraordinary dividend under this subsection does not confer rights on a shareholder or affiliate unless sub. (1) is complied with and is void if the extraordinary dividend is disapproved by the commissioner. 617.225(4) (4) In addition to any remedies available under s.
Frequently Asked Questions About Wisconsin § 617.225
What does Wisconsin Statutes § 617.225 cover?
Section 617.225 ("Extraordinary dividends.") 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 § 617.225?
A common citation format is "Wisconsin Statutes § 617.225" (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 § 617.225 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.