Wisconsin Statutes 644.23 – Authority to issue mutual bonds and contribution notes
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Terms Used In Wisconsin Statutes 644.23
- Mutual: includes a mutual holding company. See Wisconsin Statutes 644.02
- Mutual holding company: means a mutual insurance holding company. See Wisconsin Statutes 644.02
- This chapter: includes this chapter. See Wisconsin Statutes 644.02
Section 611.33 (2) (a), (b), (c) and (e) applies to mutual holding companies. In the event of dissolution under this chapter, unpaid amounts of principal and interest on contribution notes shall be subordinated to the payment of principal and interest on any mutual bonds issued by the mutual holding company at any time.