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Code · Wisconsin · Chapter 614 — Insurance — fraternals

614.73 Merger and consolidation of fraternals.

114 words·~1 min read·/wi/chapter-614/614-73

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614.73 Merger and consolidation of fraternals.
(1)Authorization, domestic fraternals. Any 2 or more domestic fraternals may merge or consolidate under the provisions of subs.
(3)and
(4).
(2)Authorization, domestic and nondomestic fraternals. Any 2 or more domestic and nondomestic fraternals may merge or consolidate under the provisions of sub.
(5).
(3)Procedure for domestic fraternals. The supreme governing body of each domestic fraternal proposing to merge or consolidate shall:
(a)At least 60 days prior to the proposed action submit the text of the proposed contract to its members in the manner provided by s. 614.29
(4);
(b)Approve the proposed consolidation or merger by a two-thirds vote; and
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