Section 611.41. Communications to shareholders or policyholders and commissioner's attendance at meetings.

 

(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.

1971 c. 260 ; 1979 c. 102 s. 236 (21) .