Wisconsin § 611.15 Deposit of proceeds of subscriptions.

Wisconsin Statutes

§ 611.15 — Deposit of proceeds of subscriptions.

Wisconsin § 611.15

Ch. 611Domestic stock and mutual insurance corporations

Subch.subch. II of ch. 611 SUBCHAPTER II

ORGANIZATION OF CORPORATIONS

This text of Wisconsin § 611.15 (Deposit of proceeds of subscriptions.) 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. § 611.15 (2026).

Text

611.15  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.

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611.15 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.