Wisconsin Code § 215.35

Conversion; or absorption; waiver
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(1) The division may waive any portion of s. 215.53, 215.57, 215.58,
215.73 or 215.77 if the division makes written findings of both of
the following:
(a) The net worth of an association is equal to less than one
percent of the assets of the association or is reasonably expected
to be less than one percent within one year.
(b) The waiver is in the best interest of savers of the association and the public.
(2) (a) An acquisition under this section is not subject to s.
215.36.
(b) Section 215.36 does not limit any authority of the federal
regulatory agency or deposit insurance corporation in connection
with an acquisition under this section.

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