Deposit of proceeds of subscriptions

Wis. Stat. § 611.15
in effect
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All funds, and the securities and documents representing interests in property, received by a stock corporation for stock subscriptions or by a mutual for applications for insurance policies or for mutual bond or contribution note subscriptions shall be deposited in the name of the corporation with a depository approved by the commissioner, subject to an escrow agreement approved by the commissioner under which withdrawals may be made only with the commissioner’s approval.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/611.15Fetched: 10/7/2026