611.14 Powers under organization permit.
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/wi/chapter-611/611-14-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
611.14 Powers under organization permit.
(1)Stock corporations. While its organization permit is in effect a stock corporation may:
(a)Register stock under s. 611.31 , solicit subscriptions subject to s. 180.0620
(a)and receive payment therefor in cash or, with the approval of the commissioner, in other property constituting a permitted investment under ch. 620 , and issue receipts for such payment at values approved by the commissioner, but no shares may be issued until a certificate of authority is issued; and
(b)Transact all other business necessary and appropriate for the organization of the planned insurance enterprise.