Emergency merger

Wis. Stat. § 214.665
in effect
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(1) With the prior approval of the division, which shall state that the proposed merger is necessary for the protection of depositors and other creditors, a savings bank that is in default or in danger of default may, by a majority vote of its board of directors and without a stockholder vote, merge with another savings bank, a state or federal savings and loan association, a state bank or a federal bank. The other entity shall be the resulting or continuing savings bank, savings and loan association or bank. (2) The division shall by rule establish standards for determining if a savings bank is in default or in danger of default.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/214.665Fetched: 10/7/2026