220.086 Receiver of delinquent bank may borrow from federal government agency; court order. The division, having taken possession of any delinquent bank, may, as receiver of such bank, and upon the order of the circuit court for the county in which such bank is located, borrow money from any agency of the federal government, upon such terms and conditions as may be satisfactory to such federal agency, and issue evidences of indebtedness therefor, and secure the payment of such loan by the mortgage, pledge, transfer in trust, or hypothecation of any or all of the property and assets of such delinquent bank.
History: 1995 a. 27.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
220.035 - Banking institutions review board.
220.05 - Examination fees and assessments.
220.06 - Not to disclose information.
220.07 - Banks; impairment of capital.
220.08 - Delinquent banks; division may take possession.
220.081 - Closed insured banks; federal deposit insurance corporation may be receiver.
220.082 - Closed insured banks; subrogation of federal deposit insurance corporation.
220.085 - Federal aid to banks.
220.086 - Receiver of delinquent bank may borrow from federal government agency; court order.
220.09 - Indemnity fund, national bank.
220.10 - Books and accounts; division's control.
220.12 - Attorney general, duty of.
220.17 - Effect of consolidating banks and trust companies.
220.18 - Bank or corporate notaries; permitted acts.
220.285 - Reproduction and destruction of records; evidence.
220.30 - Closing in emergencies.
220.32 - Transfer of trust business within bank holding company groups.