644.29 – Involuntary dissolution of domestic mutual holding companies.
644.29 Involuntary dissolution of domestic mutual holding companies. A mutual holding company may at any time during a voluntary dissolution under ss. 181.1401 to 181.1407 apply to the commissioner to have dissolution continued under the commissioner’s supervision. Any distribution to members shall be limited in the same manner as under s. 644.28 (5) and any […]
644.24 – Subsequent restructuring.
644.24 Subsequent restructuring. A mutual holding company, in conjunction with the converted insurance company and any intermediate stock holding company, may merge together and convert into a mutual insurance company if the requirements of ss. 611.72 and 611.75 are met and the members of the mutual holding company vote to approve the merger and conversion […]
644.25 – Conversion of domestic mutual holding company into a stock corporation.
644.25 Conversion of domestic mutual holding company into a stock corporation. (1) Conversion permitted and procedures. A mutual holding company formed by a converted insurance company under this chapter may convert into a stock corporation organized under ch.180. Subject to this section, s. 611.76 (1) to (3) and (5) to (11) applies to mutual holding […]
644.26 – Transfer of business or assets of mutual holding companies.
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 […]
644.27 – Merger and consolidation of mutual holding companies.
644.27 Merger and consolidation of mutual holding companies. Section 611.73 applies to mutual holding companies. History: 1997 a. 227.
644.28 – Voluntary dissolution of domestic mutual holding companies.
644.28 Voluntary dissolution of domestic mutual holding companies. (1) Plan of dissolution. Subject to this section, ss. 181.1401 to 181.1407 apply to mutual holding companies. (2) Approval by the commissioner. (a) At least 60 days prior to the submission to members of any proposed voluntary dissolution of a mutual holding company under s. 181.1401, the […]
644.19 – Executive compensation.
644.19 Executive compensation. (1) General. Section 611.63 (4) and (5) applies to mutual holding companies. (2) Approval by members. A benefit plan or amendment to a benefit plan that proposes to provide benefits in the form of stock or stock options of a converted insurance company or any intermediate stock holding company to the directors […]
644.20 – Management contract services.
644.20 Management contract services. A mutual holding company may not be a party to a contract that has the effect of delegating to a person, to the substantial exclusion of the board, the authority to exercise any management control of the mutual holding company or of any of its major corporate functions. History: 1997 a. […]
644.21 – Annual report of domestic mutual holding company.
644.21 Annual report of domestic mutual holding company. Each mutual holding company domiciled in this state shall file such annual report as may be prescribed by the commissioner by rule. History: 1997 a. 227.
644.22 – Securities regulation.
644.22 Securities regulation. A membership interest in a domestic mutual holding company shall not constitute a security, as defined in s. 551.102 (28). History: 1997 a. 227; 2007 a. 196.