Wisconsin § 215.516 Mutual association may limit indemnification.

Wisconsin Statutes

§ 215.516 — Mutual association may limit indemnification.

Wisconsin § 215.516

Ch. 215Savings and loan associations

Subch.subch. II of ch. 215 SUBCHAPTER II

MUTUAL SAVINGS AND LOAN ASSOCIATIONS; ORGANIZATION AND MANAGEMENT

This text of Wisconsin § 215.516 (Mutual association may limit indemnification.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 215.516 (2026).

Text

215.516 215.516(1) (1) A mutual association’s obligations to indemnify under s. 215.513 may be limited as follows: 215.516(1)(a) (a) If the mutual association obtains a certificate of incorporation on or after June 13, 1987, by the articles of incorporation, including any amendments to the articles of incorporation. 215.516(1)(b) (b) If the mutual association has obtained a certificate of incorporation before June 13, 1987, by an amendment to the articles of incorporation with an effective date, as provided in s. 215.41 (5) , on or after June 13, 1987. 215.516(2) (2) A limitation under sub.

(1)applies if the first alleged act of a director or officer for which indemnification is sought occurred while the limitation was in effect.

Free access — add to your briefcase to read the full text and ask questions with AI

215.516
215.516(1) (1) A mutual association’s obligations to indemnify under s. 215.513 may be limited as follows:
215.516(1)(a) (a) If the mutual association obtains a certificate of incorporation on or after June 13, 1987, by the articles of incorporation, including any amendments to the articles of incorporation.
215.516(1)(b) (b) If the mutual association has obtained a certificate of incorporation before June 13, 1987, by an amendment to the articles of incorporation with an effective date, as provided in s. 215.41 (5) , on or after June 13, 1987.
215.516(2) (2) A limitation under sub. (1) applies if the first alleged act of a director or officer for which indemnification is sought occurred while the limitation was in effect.