{"data":{"id":"us-wi/wis.-stat.-214.20","jurisdiction":"us-wi","citation":"Wis. Stat. § 214.20","heading":"Divestiture.","body":"A savings bank holding company that ceases to be an in-state savings bank holding company or regional holding company shall immediately notify the division of the change in its status and shall, as soon as practical and no later than 2 years after the event causing it to no longer be one of these entities, divest itself of control of all in-state savings banks and in-state savings bank holding companies. A savings bank holding company that fails to immediately notify the division shall be subject to a forfeiture of $500 per day, beginning on the day its status changes and ending on the day the division receives notification.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 214 Savings Banks","SUBCHAPTER III INTERSTATE ACQUISITION AND MERGER"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/214.20","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:06Z","sha256":"e563e4a8dd1149c01201555ecfd5955e440d56a33a857ef2c4060f512ad325a2","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-214.195","next":"us-wi/wis.-stat.-214.24"},"notice":"GroundRules: Original legal text. Not legal advice."}