Section 2.04. Supervisory orders.

Latest version.

(1) Purpose. To carry out the division's responsibilities, the division may issue a supervisory order when it determines that an association is:

(a) Violating the provisions of its articles, bylaws, the laws of this state, or the laws of the United States, or any order or rule issued by the division or by the division and the review board: or

(b) Engaging in any unsafe or unsound practice.

(2) Format. A supervisory order issued under s. 215.02 (7) (c) , Stats. shall be captioned "SUPERVISORY ORDER UNDER SECTION 215.02 (7) (c), STATUTES". If it is not so captioned, it does not constitute a supervisory order under that section.

History: Cr. Register, June, 1989, No. 402 , eff. 7-1-89.

Note

This section interprets or implements ss. 215.02 (7) (c) , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1

                    
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