214.32 Voting.
134 words·~1 min read·
/wi/chapter-214/214-32-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
214.32 Voting.
(1)A member or stockholder may vote at a meeting in person or by proxy.
(2)To determine who is entitled to vote and the number of outstanding shares, the following rules apply:
(a)The date of determination shall be the record date for voting under s. 214.325 .
(b)A person holding one or more deposit accounts in a mutual savings bank shall have one vote for each $100 of the aggregate withdrawal value of the deposit accounts and one vote for any fraction of $100.
(c)A stockholder shall have one vote for each share held.
(d)Stock owned by the savings bank may not be counted or voted.
(e)A stock savings bank shall state in its articles of incorporation that voting rights shall be vested exclusively in stockholders.