Section 214.32. Voting.

 

(1)  A member or stockholder may vote at a meeting in person or by proxy.

(2)  To determine who is entitled to vote and the number of outstanding shares, the following rules apply:

(a) The date of determination shall be the record date for voting under s. 214.325 .

(b) A person holding one or more deposit accounts in a mutual savings bank shall have one vote for each $100 of the aggregate withdrawal value of the deposit accounts and one vote for any fraction of $100.

(c) A stockholder shall have one vote for each share held.

(d) Stock owned by the savings bank may not be counted or voted.

(e) A stock savings bank shall state in its articles of incorporation that voting rights shall be vested exclusively in stockholders.

1991 a. 221 .