Wisconsin Statutes 611.41 – Communications to shareholders or policyholders and commissioner’s attendance at meetings
Current as of: 2024 | Check for updates
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Terms Used In Wisconsin Statutes 611.41
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
(1) Copies of communications. The commissioner may by rule prescribe that copies of specified classes of communications circulated generally by a corporation to shareholders or policyholders shall be communicated to the commissioner at the same time.
(2) Attendance at meetings. The commissioner has the right to attend any shareholders’ or policyholders’ meeting.
(3) Exception. Subsection (2) and, so far as it relates to communications to shareholders, sub. (1) do not apply to stock corporations all of whose voting shares are owned by a single person, or all of whose shareholders are either members of the board or are represented on it.