{"data":{"id":"us-wi/wis.-stat.-214.665","jurisdiction":"us-wi","citation":"Wis. Stat. § 214.665","heading":"Emergency merger.","body":"(1) With the prior approval of the division, which shall state that the proposed merger is necessary for the protection of depositors and other creditors, a savings bank that is in default or in danger of default may, by a majority vote of its board of directors and without a stockholder vote, merge with another savings bank, a state or federal savings and loan association, a state bank or a federal bank. The other entity shall be the resulting or continuing savings bank, savings and loan association or bank.\n(2) The division shall by rule establish standards for determining if a savings bank is in default or in danger of default.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 214 Savings Banks","SUBCHAPTER IX VOLUNTARY CORPORATE CHANGES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/214.665","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:07Z","sha256":"445ae8f8789670ad7ef2b55191cb2b16a1b6480fd3d402e78f88f82cd86967c2","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-214.66","next":"us-wi/wis.-stat.-214.67"},"notice":"GroundRules: Original legal text. Not legal advice."}