644.26 Transfer of business or assets of mutual holding companies.
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/wi/chapter-644/644-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
644.26 Transfer of business or assets of mutual holding companies.
(1)A sale, lease, exchange or other disposition of less than substantially all of the property and assets of a mutual holding company, and the mortgage or pledge of any or all property and assets of a mutual holding company, whether or not made in the usual and regular course of its affairs, may be made upon the terms and conditions authorized by the mutual holding company’s board of directors. Unless otherwise provided by the articles of incorporation, consent of the members is not required for a sale, lease, exchange or other disposition of property, or for a mortgage or pledge of property, authorized under this subsection.