Wisconsin Statutes 644.29 – Involuntary dissolution of domestic mutual holding companies
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Terms Used In Wisconsin Statutes 644.29
- Mutual: includes a mutual holding company. See Wisconsin Statutes 644.02
- State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
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 excess over such amounts shall be paid into the state treasury to the credit of the common school fund.