Sale, assignment, and servicing of loans and contracts.
Purchase of real estate at forced sale.
Purchase of real estate for office and rental purposes.
Effect of unauthorized investments.
Loans to one borrower.
Deposit accounts subject to liens.
Payment of interest.
Holders of deposit accounts.
Financially related services tie-ins.
Savings promotion prize programs.
VOLUNTARY CORPORATE CHANGES
Merger; adoption of plan.
Merger; stockholder vote of approval.
Effect of merger.
Procedure to effect sale of all assets.
Authority to form interim institution.
Conversion of an existing institution to a savings bank.
Emergency sale of assets.
Acquisition of control.
Organizational conversion of mutual savings bank to stock savings bank.
Powers of the division.
Prohibited business relationships.
Orders of the division.
Division's notice to members or stockholders.
Record keeping and retention.
Disclosure of examination reports and other records.
Annual audit requirement.
Unsafe and unsound practices; orders of prohibition and removal.
Foreign savings banks.
Procedure upon the impairment of capital.
Review of acts, orders or determinations.
CUSTODY AND CONSERVATORSHIP
Division's authority to take custody and appoint a conservator or a receiver.
Purposes of taking custody.
Division's powers during custody.
Custody of savings banks.
Notice of custody; action to enjoin.
Segregation of collections during custody.
Redelivery of possession.
Limitations upon custody.
Action to correct conditions.
Books and records corrective orders.
Removal and prohibition authority.
Effect of termination or resignation.
Unauthorized participation by convicted individual.
“Affiliate" means a company that controls, is controlled by or is under common control with a savings bank.
“Bank" means a commercial bank chartered by the U.S. comptroller of the currency or organized under ch. 221
“Branch office" means a place of business, other than the home office, where the business of the savings bank is conducted. “Branch office" does not include a remote service unit, a limited office or an extended office.
“Capital" includes net worth, paid-in-surplus, capital stock equity, undivided profits, earnings and other forms of capital considered to be qualifying capital by a deposit insurance corporation.
“Deposit account" means any monetary interest that a depositor maintains in a savings bank, including a demand, time, money market, savings, certificate or negotiable order of withdrawal account.
“Deposit insurance corporation" means the federal deposit insurance corporation or other instrumentality of or corporation chartered by the United States that is supported by the full faith and credit of the U.S. government as stated in a congressional resolution.
“Director" means a member of a board of directors of a savings bank. “Director" does not include an advisory director, honorary director, director emeritus, or similar person, unless the person is otherwise performing functions similar to those of a director.
“Extended office" means a place of business located within 1,000 feet of a home office or a branch office of the same savings bank.
“Fiduciary" means a trustee, personal representative, guardian, agent, receiver, trustee in bankruptcy, assignee for creditors, or any holder of a similar position of trust.
“Financial institution" means a bank, a savings bank, a savings and loan association, a trust company, or a credit union, whether chartered under the laws of this state, another state or territory or under the laws of the United States.
“Geographic area" means the states of Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri and Ohio.
“Home office" means the office of the savings bank that is designated as such in its bylaws.
“Impairment" means a condition in which the aggregate appraised value of the savings bank's assets is less than the aggregate amount of the savings bank's deposit accounts and liabilities to other creditors and the aggregate value of its stock.
“Interest" means dividends, earnings, interest, return or rate of return paid on a deposit account.
“Investment" includes consumer, residential, agricultural and commercial loans, purchases of corporate debentures, securities, bonds and joint venture shares, and purchases of mutual fund shares subject to the rules of the division.