Wisconsin Statutes 214.645 – Sale of assets
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Terms Used In Wisconsin Statutes 214.645
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Subject to rules of the division, a savings bank may, in a transaction not in the usual course of business, sell all or substantially all of its assets, with or without its name and goodwill, to another financial institution, in consideration of money, capital or obligations of the purchasing institution. A savings bank may sell an office or facility and equipment subject to rules of the division.