215.56 Voluntary liquidation of a mutual association.
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/wi/chapter-215/215-56A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
215.56 Voluntary liquidation of a mutual association.
(1)Procedure for voluntary liquidation.
(a)A mutual association may go into liquidation by a majority vote of the dollar value of the outstanding savings accounts at a members’ meeting held especially for that purpose, after 30 days’ notice to each saver.