Wisconsin Statutes > Chapter 644 > Subchapter I – General Provisions
Current as of: 2023 | Check for updates
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Other versions
| § 644.02 | Definitions |
| § 644.03 | Scope and purposes |
| § 644.04 | Restructuring |
| § 644.05 | General corporate powers and procedures |
| § 644.06 | Registered agent for service of process |
Terms Used In Wisconsin Statutes > Chapter 644 > Subchapter I - General Provisions
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of directors or board of trustees, as the case may be, of the converting insurance company. See Wisconsin Statutes 644.02
- Contract: A legal written agreement that becomes binding when signed.
- Converted insurance company: means an insurance company that converted under this chapter from a mutual insurance company to a stock insurance company, or from a service insurance corporation to a mutual insurance company and then to a stock insurance company, and formed a mutual holding company. See Wisconsin Statutes 644.02
- Converting insurance company: means a domestic mutual insurance company or a domestic service insurance corporation undergoing restructuring under this chapter. See Wisconsin Statutes 644.02
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: includes a mutual holding company formed under this chapter. See Wisconsin Statutes 644.02
- Dividend plan: means a Wisconsin Statutes 644.02
- Dividend scales: means the Wisconsin Statutes 644.02
- Divisible surplus: means the Wisconsin Statutes 644.02
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Intermediate stock holding company: means a corporation that satisfies all of the following:
1. See Wisconsin Statutes 644.02Lien: A claim against real or personal property in satisfaction of a debt. membership interests: means the voting rights of a member arising under the statutes and the articles of incorporation and bylaws of the mutual holding company, including the right to vote for the board and the right to vote on any plan of conversion, voluntary dissolution or amendment of the articles of incorporation. See Wisconsin Statutes 644.02 Mutual: includes a mutual holding company. See Wisconsin Statutes 644.02 Mutual holding company: means a mutual insurance holding company. See Wisconsin Statutes 644.02 Policyholder: includes a member. See Wisconsin Statutes 644.02 Rights in surplus: means any rights of a member arising under the converting insurance company's articles of incorporation or ch. See Wisconsin Statutes 644.02 State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01 Statute: A law passed by a legislature. This chapter: includes this chapter. See Wisconsin Statutes 644.02 Year: means a calendar year, unless otherwise expressed; "year" alone means "year of our Lord". See Wisconsin Statutes 990.01