2011 Wisconsin Code
Chapter 214. Savings banks.
214.32 Voting.

214.32

214.32 Voting.

214.32(1)

(1) A member or stockholder may vote at a meeting in person or by proxy.

214.32(2)

(2) To determine who is entitled to vote and the number of outstanding shares, the following rules apply:

214.32(2)(a)

(a) The date of determination shall be the record date for voting under s. 214.325.

214.32(2)(b)

(b) A person holding one or more deposit accounts in a mutual savings bank shall have one vote for each $100 of the aggregate withdrawal value of the deposit accounts and one vote for any fraction of $100.

214.32(2)(c)

(c) A stockholder shall have one vote for each share held.

214.32(2)(d)

(d) Stock owned by the savings bank may not be counted or voted.

214.32(2)(e)

(e) A stock savings bank shall state in its articles of incorporation that voting rights shall be vested exclusively in stockholders.

214.32 - ANNOT.

History: 1991 a. 221.