Code · Wisconsin · Chapter 644 — Domestic mutual insurance holding companies

644.23 Authority to issue mutual bonds and contribution notes.

64 words·~1 min read·/wi/chapter-644/644-23

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

644.23 Authority to issue mutual bonds and contribution notes. Section 611.33

(a),

(b),

(c)and

(e)applies to mutual holding companies. In the event of dissolution under this chapter, unpaid amounts of principal and interest on contribution notes shall be subordinated to the payment of principal and interest on any mutual bonds issued by the mutual holding company at any time.