215.21 (17) (b) 2. Such other persons as the commissioner division may by rule designate to avoid conflicts between the best interests of the association and the interests of its officers, directors or employes.

215.21 (17) (d) 2. To a nonprofit, religious, charitable or fraternal organization or a corporation in which the association has been authorized to invest by the commissioner division.

215.21 (28) Loans outside the lending area. Subject to the rules issued by the commissioner division and without regard to the limitation set forth in sub. (2), an association may make or invest its funds in loans, originated and serviced by or through an institution, the accounts or deposits of which are insured by the federal savings and loan insurance corporation or the federal deposit insurance corporation or by or through an approved federal housing administration mortgagee, in an aggregate amount not exceeding 10% of such association's assets on the security of real estate or leasehold interests.

215.22 (2) All real estate acquired pursuant to this section shall be sold within 10 years from acquiring title thereto, unless the commissioner division grants extensions of time within which such real estate shall be sold.

215.23 Limitations on investments in office buildings and related facilities. (intro.) An association's aggregate investment in the following may not exceed the association's net worth without the prior written approval of the commissioner division:

215.24 Minimum net worth. An association shall maintain net worth at an amount not less than the minimum amount established by the commissioner division. If an association fails to maintain the minimum net worth required under this section, the commissioner division may take appropriate action, including but not limited to ordering the association to take corrective action or to restrict payment of dividends.

215.25 Audit requirements. Each association shall be audited at least once in each fiscal year by auditors and in a manner satisfactory to the commissioner division in accordance with the policies established by the commissioner division. The auditors are to be designated by the board of directors and must be independent, certified public accountants certified in this state. In lieu of audits by independent, certified public accountants, the board of directors may request an audit of the books and accounts to be made by the commissioner division to check the assets of the association and to determine losses, which request the commissioner division may refuse. The commissioner division may at any time make or cause to be made an audit of any association, with appraisals, when deemed advisable. Associations shall promptly file with the commissioner division a copy of the report of each audit, other than audits made by the commissioner division. The cost of any audit made pursuant to this section shall be paid by the association audited.

215.26 (3) Obsolete records. Any association may destroy or dispose of such of its records as may become obsolete after first obtaining the written consent of the commissioner division.

215.26 (4) (a) Any association may cause any or all records kept by such association to be recorded, copied or reproduced by any photostatic, photographic or miniature photographic process or by optical imaging if the process employed correctly, accurately and permanently copies, reproduces or forms a medium for copying, reproducing or recording the original record on a film or other durable material. An association may thereafter dispose of the original record after first obtaining the written consent of the commissioner division. This section, excepting the part of it which requires written consent of the commissioner division, is applicable to federal associations insofar as it does not contravene federal law.

215.26 (5) Legal holidays. The commissioner division shall designate such of the legal holidays listed in s. 895.20 as days on which no association may transact business or be open for the purpose of transacting business. For purposes of this subsection, operation of a remote service unit as defined in s. 215.13 (46) (a) 1. or an unstaffed facility does not constitute the transaction of business.

215.26 (8) (b) 1. The commissioner division or duly its authorized representatives.

215.26 (8) (b) 3. Any federal agency or other instrumentality approved by the commissioner division which is authorized to inspect and examine books and records of an insured association.

215.26 (9) Closing books. Each association shall close its books at least once annually and at such other times as the commissioner division requires. The date of the annual fiscal closing may be March 31, June 30, September 30 or December 31, unless rules of the commissioner division otherwise direct.