Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 614. Insurance — Fraternals |
SubChapter V. CORPORATE REORGANIZATION |
Section 614.77. Rehabilitation or involuntary conversion.
Latest version.
- If the commissioner believes that a fraternal does not satisfy the requirements of this chapter, the commissioner shall call a hearing and upon a finding that the fraternal does not satisfy the requirements, the commissioner shall petition for rehabilitation under s. 645.31 , for the purpose of rehabilitating the fraternal or, if that is not possible, of converting the fraternal to a mutual.
1975 c. 373
,
421
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