{"data":{"id":"us-wi/wis.-stat.-214.67","jurisdiction":"us-wi","citation":"Wis. Stat. § 214.67","heading":"Emergency sale of assets.","body":"(1) With the prior approval of the division, which shall state that the proposed sale is necessary for the protection of depositors and other creditors, a savings bank may, by a majority vote of its board of directors and, notwithstanding s. 214.65 (1), without a stockholder vote, sell all or any part of its assets to another savings bank, a state or federal savings and loan association, a state bank or a national bank if the savings bank, savings and loan association or bank assumes in writing all of the liabilities of the selling savings bank or to a deposit insurance corporation.\n(2) A savings bank may sell to a savings bank, state or federal savings and loan association, state bank or federal bank an insubstantial portion of its total deposits as described in 12 USC 1815 5 (d) (2) (D). Approval of the sale shall be by a majority vote of the board of directors and, with approval of the division and notwithstanding s. 214.65 (1), may be without a stockholder vote.","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/214.67","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":"33e2a6f32b8a8f05602048fb8a0013c77bc59c0b640b2d138725e4f8a5bf7e4a","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-214.665","next":"us-wi/wis.-stat.-214.675"},"notice":"GroundRules: Original legal text. Not legal advice."}