648.50 Management changes.
76 words·~1 min read·
/wi/chapter-648/648-50A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
648.50 Management changes.
(1)Approval required. No proposed plan of merger or other plan for acquisition of control of a permittee may be executed unless the commissioner, after consulting with the department, approves the plan.
(2)Grounds for approval. The commissioner shall approve the plan under this section if the commissioner finds, after a hearing, that it would not violate the law or be contrary to the interests of the public, the department, or the enrollees.