Section 2.03. Supervisory orders.

Latest version.

(1) Purpose. To carry out the division's supervisory responsibilities, the division may issue a supervisory order when he or she determines that a savings bank or a savings bank holding company, subsidiary, service corporation or affiliate is:

(a) Violating the provisions of its articles of incorporation, bylaws, a state or federal law, a state rule or a federal regulation applicable to it or any order issued by the division; or

(b) Engaging in any unsafe or unsound practice.

(2) Format. A supervisory order issued under s. 214.74 , Stats., shall be captioned "SUPERVISORY ORDER UNDER SECTION 214.74 STATUTES". If it is not so captioned, it does not constitute a supervisory order under that section.

Cr. Register, February, 1994, No. 458 , eff. 3-1-94.

Note

This section interprets or implements ss. 214.715 (1) (a) and (c) and 214.74 , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1

                    
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