214.32 Voting.
(1) A member or stockholder may vote at a meeting in person or by proxy.
(2) To determine who is entitled to vote and the number of outstanding shares, the following rules apply:
(a) The date of determination shall be the record date for voting under s. 214.325.
(b) A person holding one or more deposit accounts in a mutual savings bank shall have one vote for each $100 of the aggregate withdrawal value of the deposit accounts and one vote for any fraction of $100.
(c) A stockholder shall have one vote for each share held.
(d) Stock owned by the savings bank may not be counted or voted.
(e) A stock savings bank shall state in its articles of incorporation that voting rights shall be vested exclusively in stockholders.
History: 1991 a. 221.
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