reglab/housing_qa huggingface dataset:
WI Stat § 215.516 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.516 - Mutual association may limit indemnification.

215.516  Mutual association may limit indemnification. (1) A mutual association's obligations to indemnify under s. 215.513 may be limited as follows:(a) If the mutual association obtains a certificate of incorporation on or after June 13, 1987, by the articles of incorporation, including any amendments to the articles of incorporation.(b) If the mutual association has obtained a certificate of incorporation before June 13, 1987, by an amendment to the articles of incorporation with an effective date, as provided in s. 215.41 (5), on or after June 13, 1987. (2) A limitation under sub. (1) applies if the first alleged act of a director or officer for which indemnification is sought occurred while the limitation was in effect.History:  1987 a. 13.
WI Stat § 215.517 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.517 - Additional rights to indemnification and allowance of expenses.

215.517  Additional rights to indemnification and allowance of expenses. (1) Except as provided in sub. (2), ss. 215.513 and 215.515 do not preclude any additional right to indemnification or allowance of expenses that a director or officer may have under any of the following:(a) The articles of incorporation or bylaws.(b) A written agreement between the director or officer and the mutual association.(c) A resolution of the board.(d) A resolution, after notice, adopted by members by an affirmative vote of a majority of votes cast in person or by proxy as provided in s. 215.43 (4). (2) Regardless of the existence of an additional right under sub. (1), the mutual association may not indemnify a director or officer, or permit a director or officer to retain any allowance of expenses unless it is determined by or on behalf of the mutual association that the director or officer did not breach or fail to perform a duty he or she owes to the mutual association which constitutes conduct under s. 215.513 (2) (a) 1., 2., 3. or 4. A director or officer who is a party to the same or related proceeding for which indemnification or an allowance of expenses is sought may not participate in a determination under this subsection. (3) Sections 215.512 to 215.521 do not affect a mutual association's power to pay or reimburse expenses incurred by a director or officer in any of the following circumstances:(a) As a witness in a proceeding to which he or she is not a party.(b) As a plaintiff or petitioner in a proceeding because he or she is or was an employee, agent, director or officer of the mutual association.History:  1987 a. 13.
WI Stat § 215.518 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.518 - Court-ordered indemnification.

215.518  Court-ordered indemnification. (1) Except as provided otherwise by written agreement between the director or officer and the mutual association, a director or officer who is a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. Application shall be made for an initial determination by the court under s. 215.514 (5) or for review by the court of an adverse determination under s. 215.514 (1), (2), (3), (4) or (6). After receipt of an application, the court shall give any notice it considers necessary. (2) The court shall order indemnification if it determines any of the following:(a) That the director or officer is entitled to indemnification under s. 215.513 (1) or (2). If the court also determines that the mutual association unreasonably refused the director's or officer's request for indemnification, the court shall order the mutual association to pay the director's or officer's reasonable expenses incurred to obtain the court-ordered indemnification.(b) That the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, regardless of whether indemnification is required under s. 215.513 (2).History:  1987 a. 13.
WI Stat § 215.519 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.519 - Indemnification and allowance of expenses of employees and agents.

215.519  Indemnification and allowance of expenses of employees and agents. A mutual association may indemnify and allow reasonable expenses of an employee or agent who is not a director or officer to the extent provided by the articles of incorporation or bylaws, by general or specific action of the board or by contract.History:  1987 a. 13.
WI Stat § 215.521 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.521 - Insurance.

215.521  Insurance. A mutual association may purchase and maintain insurance on behalf of an individual who is an employee, agent, director or officer of the mutual association against liability asserted against and incurred by the individual in his or her capacity as an employee, agent, director or officer, or arising from his or her status as an employee, agent, director or officer, regardless of whether the mutual association is required or authorized to indemnify or allow expenses to the individual against the same liability under ss. 215.513, 215.515, 215.517 and 215.519.History:  1987 a. 13.
WI Stat § 215.523 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.523 - Reliance by directors or officers.

215.523  Reliance by directors or officers. Unless the director or officer has knowledge that makes reliance unwarranted, a director or officer of a mutual association organized under this subchapter may, in discharging his or her duties to the mutual association, rely on information, opinions, reports or statements, any of which may be written or oral, formal or informal, including financial statements and other financial data, if prepared or presented by any of the following: (1) An officer or employee of the mutual association whom the director or officer believes in good faith to be reliable and competent in the matters presented. (2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other persons as to matters the director or officer believes in good faith are within the person's professional or expert competence.  (3) In the case of reliance by a director, a committee of the board of which the director is not a member if the director believes in good faith that the committee merits confidence.History:  1987 a. 13; 2001 a. 16.
WI Stat § 215.524 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.524 - Consideration of interests in addition to members' interests.

215.524  Consideration of interests in addition to members' interests. In discharging his or her duties to a mutual association organized under this subchapter and in determining what he or she believes to be in the best interests of the mutual association, a director or officer may, in addition to considering the effects of any action on members, consider the following: (1) The effects of the action on employees, suppliers and customers of the mutual association. (2) The effects of the action on communities in which the mutual association operates. (3) Any other factors the director or officer considers pertinent.History:  1987 a. 13.
WI Stat § 215.525 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.525 - Limited liability of directors and officers.

215.525  Limited liability of directors and officers. (1) Except as provided in subs. (2) and (3), a director or officer of a mutual association organized under this subchapter is not liable to the mutual association, its members or creditors, or any person asserting rights on behalf of the mutual association, its members or creditors, or any other person, for damages, settlements, fees, fines, penalties or other monetary liabilities arising from a breach of, or failure to perform, any duty resulting solely from his or her status as a director or officer, unless the person asserting liability proves that the breach or failure to perform constitutes any of the following:(a) A willful failure to deal fairly with the mutual association or its members in connection with a matter in which the director or officer has a material conflict of interest.(b) A violation of criminal law, unless the director or officer had reasonable cause to believe his or her conduct was lawful or no reasonable cause to believe his or her conduct was unlawful.(c) A transaction from which the director or officer derived an improper personal profit.(d) Willful misconduct. (2) Except as provided in sub. (3), this section does not apply to any of the following:(a) A proceeding brought against a director or officer under s. 215.02 (10) or (15), 215.12 or 215.21 (21).(b) A civil or criminal proceeding, other than a proceeding described under par. (a), brought by or on behalf of any governmental unit, authority or agency.(c) A proceeding brought by any person for a violation of state or federal law where the proceeding is brought pursuant to an express private right of action created by state or federal statute. (3) Subsection (2) (b) and (c) does not apply to a proceeding brought by a governmental unit, authority or agency in its capacity as a private party or contractor.History:  1987 a. 13.Cooperative indemnification. La Rowe and Weine. WBB Sept. 1988.
WI Stat § 215.528 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.528 - General operation of a mutual association.

215.528  General operation of a mutual association. The general operations of a mutual savings and loan association shall comply with this subchapter and the applicable provisions of subch. I.History:  1975 c. 359; 1987 a. 13 s. 26s; Stats. 1987 s. 215.528.
WI Stat § 215.61 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.61 - Articles of incorporation for capital stock associations.

215.61  Articles of incorporation for capital stock associations. (1) Form. The articles of incorporation of a stock association shall be approved by the division. The division shall, with the approval of the review board, promulgate rules governing articles of incorporation. (2)  Filing and approval. Duplicate originals of the articles of incorporation executed by the incorporators, and any subsequent amendments thereto adopted by the stockholders of the association, shall be filed with and approved by the division. (3)  Recording. Articles of incorporation and amendments to the articles shall be recorded in the office of the register of deeds of the county in which the home office of the association is located. (4)  Amendment procedure. Amendments to the articles of incorporation may be made at any annual or special meeting of the stockholders duly called for that purpose. A statement of the nature of the proposed amendment shall be included in the notice of the meeting. The vote required for adoption of an amendment shall be prescribed in the articles but shall not be less than the affirmative vote of a majority of the eligible votes. (5)  Effective date. The effective date of the articles of incorporation and amendments thereto shall be the date when left for record in the office of register of deeds. The register of deeds shall forward a certificate of recording to the division.History:  1975 c. 359, 421; 1979 c. 287; 1983 a. 167; 1995 a. 27.
WI Stat § 215.62 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.62 - Bylaws of stock associations.

215.62  Bylaws of stock associations. (1) Form. The bylaws of a stock association shall be approved by the division. The division shall, with the approval of the review board, promulgate rules governing bylaws. (2)  Filing and approval. Duplicate originals of the bylaws and amendments thereto shall be filed with and approved by the division. (3)  Effective date. The effective date of bylaws and subsequent amendments thereto shall be the date on which such bylaws or amendments are approved by the division. (4)  Bylaws available to stockholders. Each stock association shall have its bylaws in convenient form and upon request shall furnish a copy to any stockholder. (5)  Amendment to bylaws. The bylaws of the association may be amended as prescribed in the association's bylaws or articles of incorporation.History:  1975 c. 359, 421; 1983 a. 167; 1995 a. 27.
WI Stat § 215.64 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.64 - Control of association by holding company.

215.64  Control of association by holding company. (1) A savings and loan holding company shall be deemed to be engaged in the savings and loan business and shall be subject to the supervision and control of the division. Such savings and loan holding company shall file reports of its financial condition when requested by the division, and the division may order an examination of its solvency and economic condition whenever, in the division's opinion, an examination is required. The cost of the examination shall be paid by the savings and loan holding company. Whenever in the opinion of the division, the condition of the savings and loan holding company shall endanger the safety of the savings capital of any savings and loan association which it owns or in any manner controls, or the operation of such savings and loan holding company shall be carried on in a manner which endangers the safety of such savings and loan association or its savers, or is contrary to the public interest, the division may order the savings and loan holding company to remedy such condition or policy within 90 days. If the division's order is not complied with, the division may fully direct the operation of such savings and loan association or savings and loan holding company until the order is complied with, and may withhold all dividends from the institution whose operation the division directs during the period in which the division exercises such authority. (2) Subsection (1) shall apply to any foreign corporation, association, investment trust, or other form of trust which shall be authorized to do business in Wisconsin. (3) All of the foregoing provisions of this section relating to companies shall apply equally to all other forms of organization, whether so specifically stated or not, but nothing contained in this section shall be construed to prohibit any trust company bank, or state or national bank, authorized to administer or execute trusts, to accept and carry out the provisions of any personal trust, or any trust created by will where the owner of savings and loan association stock shall create a trust for the owner's benefit during the owner's lifetime, or shall provide by will a trust in savings and loan association stock for the benefit of the owner's heirs, and trusts so created shall not be deemed to come within the provisions of this section.History:  1971 c. 229; 1975 c. 359 s. 40; Stats. 1975 s. 215.64; 1989 a. 242; 1991 a. 316; 1995 a. 27.
WI Stat § 215.67 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.67 - Dividends.

215.67  Dividends. The board of a stock association may declare and pay dividends, subject to the orders and rules of the division.History:  1975 c. 359; 1983 a. 167; 1995 a. 27.
WI Stat § 215.70 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.70 - Directors of a stock association.

215.70  Directors of a stock association. (1) Management responsibility. The management of a stock association shall be vested in a board of directors, who are charged with the responsibility of complying with this chapter, orders of the division, rules of the division promulgated under ch. 227, the articles of incorporation and bylaws of the association, and other laws applicable to savings and loan operations. (2)  Directors to fix compensation. The compensation of officers, directors, employees and committee members, including but not limited to pension or deferred compensation agreements, shall be fixed by a majority vote of the board of directors in accordance with the bylaws. (3)  Meetings of directors. (a) The board shall hold meetings in accordance with the bylaws.(b) Unless the articles of incorporation or bylaws provide otherwise, the board may permit any or all directors to participate in a regular or special meeting or in a committee meeting of the board by, or to conduct the meeting through the use of, any means of communication by which any of the following occurs:1. All participating directors may simultaneously hear each other during the meeting.2. All communication during the meeting is immediately transmitted to each participating director, and each participating director is able to immediately send messages to all other participating directors.(c) If a meeting will be conducted through the use of any means described in par. (b), all participating directors shall be informed that a meeting is taking place at which official business may be transacted. A director participating in a meeting by any means described in par. (b) is deemed to be present in person at the meeting. If requested by a director, minutes of the meeting shall be prepared and distributed to each director. (4)  Promulgation of rules. The board may by resolution adopt rules for the conduct of business by the association, provided they are consistent with this chapter, the rules of the division, and the articles of incorporation and bylaws of the association. (5)  Qualification of directors. At least two-thirds of the directors shall reside in this state.History:  1975 c. 11, 199; 1975 c. 359 ss. 18, 49; 1975 c. 421, 422; 1983 a. 167; 1989 a. 308; 1991 a. 16; 1995 a. 27.
WI Stat § 215.71 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.71 - Officers of stock association.

215.71  Officers of stock association. (1) General officers. (a) The general officers of a stock association shall be:1. A president;2. One or more vice presidents;3. A secretary;4. A treasurer; and5. Such other officers as the board of directors by resolution designate.(b) The president shall also be a director. (2)  When elected. Immediately following each annual meeting of stockholders the directors shall convene and elect general officers for the ensuing year, in accordance with the bylaws. (3)  Duties of officers. In addition to the duties and functions prescribed in the articles of incorporation and the bylaws, the officers shall perform such other duties as are delegated by the directors. (4)  Filling vacancies. If a vacancy occurs in any general office, the directors shall, as soon as practicable, fill such vacancy by an election for the duration of the unexpired term.History:  1975 c. 359; 1983 a. 167.
WI Stat § 215.72 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.72 - General operations of a stock association.

215.72  General operations of a stock association. The general operation of a stock association shall comply with this subchapter and applicable provisions of subch. I.History:  1975 c. 359.
WI Stat § 215.73 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 215 - Savings and loan associations.|215.73 - Absorption involving stock associations.

215.73  Absorption involving stock associations. (1) Conditions precedent.  (a) With the consent of the division and subject to any condition that the division prescribes, a stock association organized under this chapter may absorb or be absorbed by a thrift institution, with the affirmative vote of at least two-thirds of the board of the association and of the thrift institution.(b) The absorbed thrift institution shall transfer its assets and liabilities to the absorbing thrift institution but not to defeat or defraud creditors. (2)  Effect of absorption. (a) Upon absorption the rights, franchises and property interests of the absorbed thrift institution shall be deemed to be transferred to the absorbing thrift institution, which shall hold and enjoy same, in the same manner and to the same extent as the absorbed thrift institution.(b) Stockholders of a thrift institution absorbed under this section may be compensated by converting the shares of the absorbed thrift institution into, in whole or in part: shares, obligations or other securities of the absorbing thrift institution or of any other thrift institution or corporation; or cash or other thing of value.(c) All savers in the absorbed thrift institution shall be owners of savings accounts of the same withdrawal value in the absorbing thrift institution. (3)  Withdrawal requests. Any saver in an absorbed thrift institution, who intends to file a written withdrawal request for savings accounts within one year after the date of approval of such absorption by the division, may do so by giving 90 days' written notice of such intention, and the savings accounts shall be withdrawn as provided in s. 215.17.History:  1975 c. 359, 421; 1983 a. 167; 1989 a. 242; 1991 a. 32, 221; 1995 a. 27, 104.
WI Stat § 216.01 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 216 - Investment associations.|216.01 - Regulation.

216.01  Regulation. No person and no partnership, association or corporation, whether local or foreign, heretofore organized or which may hereafter be organized, doing business as a so-called investment, loan, benefit, cooperative, home, trust or guarantee company, for the licensing, control and management of which there is no law now in force in this state, and which such person, partnership, association or corporation, shall solicit payments to be made to himself, herself or itself either in a lump sum, or periodically, or on the installment plan, issuing therefor so-called bonds, shares, coupons, certificates of membership or other evidences of obligation or agreement, or pretended agreement to return to the holder or owners thereof money or anything of value at some future date, shall solicit or transact any business in this state unless such person, partnership, association or corporation, shall have first complied with all the provisions prescribed in ch. 215 required of foreign savings and loan associations authorized to do business in this state.History:  1985 a. 30 s. 42; 1993 a. 490.
WI Stat § 216.02 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 216 - Investment associations.|216.02 - Laws applicable.

216.02  Laws applicable. All provisions of ch. 215 with respect to the supervision, control and conditions upon which foreign savings and loan associations are permitted to do business in this state are hereby made applicable to and imposed upon persons, partnerships, associations or corporations described in s. 216.01, the same as though they were foreign savings and loan associations under ch. 215, so far as such supervision, control and conditions can be made applicable to the particular business done by such persons, partnerships, associations or corporations.History:  1993 a. 490.
WI Stat § 216.03 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 216 - Investment associations.|216.03 - Penalty.

216.03  Penalty. Any person, partnership, association or corporation who or which shall act as principal or agent in doing such business or in soliciting business for, or membership or participation in, any such partnership, association or corporation, or solicit business for such person or persons doing business as such companies, not authorized to do business in this state, shall be deemed guilty of a misdemeanor and upon conviction thereof shall be fined not less than $100 nor more than $1,000 or imprisoned in the county jail for not less than 3 months nor more than one year or both.History:  1993 a. 490.