644.13 – Restrictions on ownership.
644.13 Restrictions on ownership. (1) In this section: (a) “Beneficial ownership”, with respect to any voting stock, has the same meaning as provided by the rules administering section 16 of the Securities Exchange Act of 1934. (b) “Offer” means any of the following: 1. An offer to buy or acquire voting stock, or an interest […]
644.04 – Restructuring.
644.04 Restructuring. (1) On the effective date of a restructuring under this chapter, all of the following shall occur: (a) The converting insurance company shall become a domestic stock insurance company. (b) All membership interests and rights in surplus of the converting insurance company shall be extinguished and the members of the converting insurance company […]
644.05 – General corporate powers and procedures.
644.05 General corporate powers and procedures. (1) Powers. Subject to s. 644.19 (2) and (3), s. 181.0302 (intro.), (1) to (15), (18) and (19) applies to mutual holding companies. (2) Effect of unauthorized corporate acts. Section 181.0304 applies to mutual holding companies, except that, for purposes of this subsection, “attorney general” used in s. 181.0304 […]
644.06 – Registered agent for service of process.
644.06 Registered agent for service of process. Sections 601.715, 601.72 (1) (a), (2) and (3) to (5) and 601.73 apply to mutual holding companies, except that, for purposes of this chapter, “authorized insurer” used in s. 601.715 means mutual holding company and “insurer” used in s. 601.72 (1) (a) and (2) means mutual holding company. […]
644.07 – Restructuring procedures.
644.07 Restructuring procedures. (1) Formation of mutual holding company. (a) 1. A domestic mutual insurance company organized under ch. 611 may restructure by forming a mutual holding company in accordance with this section. 2. A domestic service insurance corporation organized under ch. 613 may restructure by simultaneously converting to a mutual insurance company that is […]
644.08 – Reservation of corporate name.
644.08 Reservation of corporate name. Sections 181.0402 and 181.0403 (2), (3) and (3m) apply to mutual holding companies. History: 1997 a. 227; 1999 a. 30.
644.03 – Scope and purposes.
644.03 Scope and purposes. (1) Scope. This chapter applies to all mutual insurance holding companies organized under the laws of this state. (2) Purposes. (a) The purposes of this chapter are to provide complete, self-contained procedures for the formation of mutual insurance holding companies. Subject to par. (b), a corporation organized as a mutual insurance […]
644.02 – Definitions.
644.02 Definitions. (1) In this chapter, unless the context otherwise requires: (a) “Board” means the board of directors or board of trustees, as the case may be, of the converting insurance company. (b) “Converted insurance company” means an insurance company that converted under this chapter from a mutual insurance company to a stock insurance company, […]