220.30 Closing in emergencies. No liability shall be incurred by a bank because the bank is closed during an emergency. If a bank closes during an emergency, the closing shall be noted in the minutes of the next meeting of the bank's board of directors. A bank may not declare in default for nonpayment any obligation which became due while the bank was closed during the emergency if timely payment on the obligation was tendered but not accepted because the bank was closed.
History: 1971 c. 120; 1987 a. 252.
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.