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221.0101 - Title. - 221.0101 Title. This chapter may be cited as the “Wisconsin...
221.0102 - Definitions. - 221.0102 Definitions. In this chapter: (1) “Articles of incorporation" includes...
221.0103 - Notice. - 221.0103 Notice. (1) Applicability. This section applies to a notice...
221.0104 - Applicability. - 221.0104 Applicability. This chapter applies to all banks organized and...
221.0105 - Fees. - 221.0105 Fees. The division may establish such fees as it...
221.0201 - Applicants. - 221.0201 Applicants. Any number of adult residents of this state,...
221.0202 - Application. - 221.0202 Application. (1) Contents. An application under s. 221.0201 shall...
221.0203 - Certificate of authority. - 221.0203 Certificate of authority. (1) Powers granted by certificate. If...
221.0204 - Temporary organization. - 221.0204 Temporary organization. The chairperson of the incorporators shall preside...
221.0205 - Capital stock. - 221.0205 Capital stock. Immediately following a bank's organization under this...
221.02055 - Reserves. - 221.02055 Reserves. (1) Definitions. In this section: (a) “Municipal obligation"...
221.0206 - Articles of incorporation. - 221.0206 Articles of incorporation. (1) Time for filing. The incorporators...
221.0207 - Filed documents. - 221.0207 Filed documents. (1) Proposed bylaws and shareholder list. Within...
221.0208 - Charter. - 221.0208 Charter. (1) Notice required. (a) A bank organizing under...
221.0209 - Prohibition on transacting business. - 221.0209 Prohibition on transacting business. A bank may not transact...
221.0210 - Publication of charter. - 221.0210 Publication of charter. The bank shall cause the charter...
221.0211 - Amendment of articles of incorporation. - 221.0211 Amendment of articles of incorporation. (1) Voting, filing and...
221.0212 - Restated articles of incorporation. - 221.0212 Restated articles of incorporation. (1) When permitted. A bank's...
221.0213 - Bylaws. - 221.0213 Bylaws. (1) Voting requirements. A bank may make, amend...
221.0214 - Amendment of bylaws by board of directors or shareholders. - 221.0214 Amendment of bylaws by board of directors or shareholders....
221.0215 - Authorized stock. - 221.0215 Authorized stock. (1) Increase in capital stock. A bank...
221.0216 - Preferred stock. - 221.0216 Preferred stock. (1) Issuance. (a) Except as provided in...
221.0217 - Reorganization of a state bank as a national bank. - 221.0217 Reorganization of a state bank as a national bank....
221.0218 - Reorganization of a national bank as a state bank. - 221.0218 Reorganization of a national bank as a state bank....
221.0219 - Conversion of a credit union to a state bank. - 221.0219 Conversion of a credit union to a state bank....
221.0301 - General powers. - 221.0301 General powers. Upon approval of the articles of incorporation...
221.0302 - Branch banks and other facilities. - 221.0302 Branch banks and other facilities. (1g) Definitions. In this...
221.0303 - Customer bank communications terminals. - 221.0303 Customer bank communications terminals. (1) Definition. In this section,...
221.0304 - Safe deposits. - 221.0304 Safe deposits. A bank may take and receive personal...
221.0305 - Memberships and investments in federal reserve bank. - 221.0305 Memberships and investments in federal reserve bank. A bank...
221.0306 - Memberships and investments in federal home loan bank. - 221.0306 Memberships and investments in federal home loan bank. (1)...
221.0307 - Memberships and investments in other state and federal agencies. - 221.0307 Memberships and investments in other state and federal agencies....
221.0308 - Benefits under federal law; Federal Deposit Insurance Corporation. - 221.0308 Benefits under federal law; Federal Deposit Insurance Corporation. A...
221.0309 - Investments in international banking and financial institutions. - 221.0309 Investments in international banking and financial institutions. A bank...
221.0310 - Federal National Mortgage Association. - 221.0310 Federal National Mortgage Association. A bank that has loans...
221.0311 - Investments in agricultural credit corporations. - 221.0311 Investments in agricultural credit corporations. A bank may invest,...
221.0312 - Investments in development companies. - 221.0312 Investments in development companies. A bank is authorized to...
221.0313 - Information to division; stock holdings. - 221.0313 Information to division; stock holdings. A bank that invests...
221.0314 - Sale of U.S. bonds. - 221.0314 Sale of U.S. bonds. A bank may, by resolution...
221.0315 - Insurance activities. - 221.0315 Insurance activities. (1) Insurance intermediary activities permitted. A bank,...
221.0316 - Trust powers. - 221.0316 Trust powers. (1) General. When authorized by the division,...
221.0317 - Securitization of assets. - 221.0317 Securitization of assets. A bank may, with the approval...
221.0318 - Notes and debentures. - 221.0318 Notes and debentures. (1) Issuance. A bank may, by...
221.0319 - Real estate. - 221.0319 Real estate. (1) Purposes for which real estate may...
221.0320 - Limit of loans and investments. - 221.0320 Limit of loans and investments. (1) In general. Except...
221.0321 - Other loans and investments. - 221.0321 Other loans and investments. (1) Permitted lending. Except as...
221.0322 - Additional banking authority. - 221.0322 Additional banking authority. (1) Other permitted activities or powers....
221.0323 - Bank purchase of its own stock. - 221.0323 Bank purchase of its own stock. (1) In general....
221.0324 - Assets not to be pledged as security. - 221.0324 Assets not to be pledged as security. (1) In...
221.0325 - Certified checks. - 221.0325 Certified checks. An officer, employee or agent of a...
221.0326 - Bad debts. - 221.0326 Bad debts. All debts due a bank, on which...
221.0327 - Surplus fund. - 221.0327 Surplus fund. (1) Charges to surplus account. A loss...
221.0328 - Dividends. - 221.0328 Dividends. (1) When permitted. Except as provided in sub....
221.0329 - Savings promotion prize programs. - 221.0329 Savings promotion prize programs. (1) In this section: (a)...
221.0401 - State bank. - 221.0401 State bank. Every bank incorporated under this chapter shall...
221.0402 - Use of “bank". - 221.0402 Use of “bank". (1) Use of “bank". Except as...
221.0403 - Bank names. - 221.0403 Bank names. (1) In general. Except as provided in...
221.0404 - Deceptive or misleading use of bank name, logo, or symbol. - 221.0404 Deceptive or misleading use of bank name, logo, or...
221.0501 - Quorum and voting requirements for voting groups. - 221.0501 Quorum and voting requirements for voting groups. (1) Quorum...
221.0502 - Greater or lower quorum or greater voting requirements. - 221.0502 Greater or lower quorum or greater voting requirements. (1)...
221.0503 - Bylaw fixing quorum or voting requirements for shareholders. - 221.0503 Bylaw fixing quorum or voting requirements for shareholders. (1)...
221.0504 - Number of shareholders. - 221.0504 Number of shareholders. (1) Method of counting. For purposes...
221.0505 - Issued and outstanding shares. - 221.0505 Issued and outstanding shares. (1) Issued and outstanding shares....
221.0506 - Fractional shares. - 221.0506 Fractional shares. (1) Issuance and disposition. A bank may...
221.0507 - Share dividends. - 221.0507 Share dividends. (1) Definition. In this section, “share dividend"...
221.0508 - Form and content of certificates. - 221.0508 Form and content of certificates. (1) Contents. At a...
221.0509 - Restriction on transfer of shares and other securities. - 221.0509 Restriction on transfer of shares and other securities. (1)...
221.0510 - Preemptive rights. - 221.0510 Preemptive rights. (1) Definition. In this section, “other securities"...
221.0511 - Annual meeting. - 221.0511 Annual meeting. (1) When held. A bank shall hold...
221.0512 - Special meeting. - 221.0512 Special meeting. (1) When required. A bank shall hold...
221.0513 - Shareholder action without a meeting. - 221.0513 Shareholder action without a meeting. (1) Permitted methods. Action...
221.0514 - Notice of meeting. - 221.0514 Notice of meeting. (1) When required. A bank shall...
221.0515 - Disclosure to shareholders. - 221.0515 Disclosure to shareholders. The bank shall include with each...
221.0516 - Waiver of notice. - 221.0516 Waiver of notice. (1) Written waiver. A shareholder may...
221.0517 - Record date. - 221.0517 Record date. (1) Manner of fixing date. The bylaws...
221.0518 - Shareholders' list for meeting. - 221.0518 Shareholders' list for meeting. (1) Preparation of list. After...
221.0519 - Proxies. - 221.0519 Proxies. (1) Exercise of vote. A shareholder may vote...
221.0520 - Shares held by nominees. - 221.0520 Shares held by nominees. (1) Establishment of procedures. A...
221.0521 - Acceptance of instruments showing shareholder action. - 221.0521 Acceptance of instruments showing shareholder action. (1) When name...
221.0522 - Voting for directors; cumulative voting. - 221.0522 Voting for directors; cumulative voting. (1) Plurality vote required....
221.0523 - Voting trusts. - 221.0523 Voting trusts. (1) Creation. One or more shareholders may...
221.0524 - Voting agreements. - 221.0524 Voting agreements. (1) Creation. Two or more shareholders may...
221.0525 - Shares of stock, when not transferable. - 221.0525 Shares of stock, when not transferable. The shares of...
221.0526 - Stock control of bank or trust company bank by other corporation. - 221.0526 Stock control of bank or trust company bank by...
221.0601 - Requirement for and duties of board of directors. - 221.0601 Requirement for and duties of board of directors. (1)...
221.0602 - Qualifications of directors. - 221.0602 Qualifications of directors. The articles of incorporation or bylaws...
221.0603 - Number and election of directors. - 221.0603 Number and election of directors. (1) Required number. A...
221.0604 - Election of directors by certain classes of shareholders. - 221.0604 Election of directors by certain classes of shareholders. If...
221.0605 - Terms of directors generally. - 221.0605 Terms of directors generally. (1) Expiration of term. The...
221.0606 - Staggered terms of directors. - 221.0606 Staggered terms of directors. The articles of incorporation, or...
221.0607 - Resignation of directors. - 221.0607 Resignation of directors. (1) Written notice. A director may...
221.0608 - Removal of directors by shareholders. - 221.0608 Removal of directors by shareholders. (1) When removal permitted....
221.0609 - Vacancy on board. - 221.0609 Vacancy on board. (1) How filled. Unless the articles...
221.0610 - Meetings. - 221.0610 Meetings. (1) Frequency of meetings. The board of directors...
221.06105 - Board action without a meeting. - 221.06105 Board action without a meeting. (1) When permitted. Unless...
221.0611 - Response to examination. - 221.0611 Response to examination. (1) Response required. After receipt by...
221.0612 - Notice of meeting. - 221.0612 Notice of meeting. (1) Regular meetings. Unless the articles...
221.0613 - Waiver of notice. - 221.0613 Waiver of notice. (1) Written waiver. A director may...
221.0614 - Quorum and voting. - 221.0614 Quorum and voting. (1) Quorum requirements generally. (a) Unless...
221.0615 - Committees. - 221.0615 Committees. (1) In general. Unless the articles of incorporation...
221.0616 - Reliance by directors or officers. - 221.0616 Reliance by directors or officers. Unless the director or...
221.0617 - Consideration of interests in addition to shareholders' interests. - 221.0617 Consideration of interests in addition to shareholders' interests. In...
221.0618 - Limited liability of directors. - 221.0618 Limited liability of directors. (1) In general. Except as...
221.0619 - Director conflict of interest. - 221.0619 Director conflict of interest. (1) Definition. In this section,...
221.0620 - Officers. - 221.0620 Officers. (1) Creation and appointment. A bank shall have...
221.0621 - Duties of officers. - 221.0621 Duties of officers. Each officer has the authority and...
221.0622 - Resignation and removal of officers. - 221.0622 Resignation and removal of officers. (1) Resignation. An officer...
221.0623 - Contract rights of officers. - 221.0623 Contract rights of officers. (1) Effect of appointment. The...
221.0624 - Signature of officers. - 221.0624 Signature of officers. Each document required by this chapter...
221.0625 - Loans to bank officials; penalty. - 221.0625 Loans to bank officials; penalty. (1) Loans to officers...
221.0626 - Definitions applicable to indemnification and insurance provisions. - 221.0626 Definitions applicable to indemnification and insurance provisions. In ss....
221.0627 - Mandatory indemnification. - 221.0627 Mandatory indemnification. (1) When successful in defense of a...
221.0628 - Bank may limit indemnification. - 221.0628 Bank may limit indemnification. A bank's articles of incorporation...
221.0629 - Allowance of expenses as incurred. - 221.0629 Allowance of expenses as incurred. Upon written request by...
221.0630 - Court-ordered indemnification. - 221.0630 Court-ordered indemnification. (1) Application for indemnification. Except as provided...
221.0631 - Determination of right to indemnification. - 221.0631 Determination of right to indemnification. Unless otherwise provided by...
221.0632 - Indemnification and allowance of expenses of employees and agents. - 221.0632 Indemnification and allowance of expenses of employees and agents....
221.0633 - Insurance. - 221.0633 Insurance. Except as expressly prohibited by other provisions of...
221.0634 - Additional rights to indemnification and allowance of expenses. - 221.0634 Additional rights to indemnification and allowance of expenses. (1)...
221.0635 - Indemnification and insurance against securities law claims. - 221.0635 Indemnification and insurance against securities law claims. (1) In...
221.0636 - Theft. - 221.0636 Theft. (1) Theft prohibited. (a) An officer, director, employee...
221.0637 - Bank officers and employees not to take commissions. - 221.0637 Bank officers and employees not to take commissions. (1)...
221.0701 - Interest exchange. - 221.0701 Interest exchange. A bank or other corporation may acquire...
221.0702 - Consolidation or merger of banks. - 221.0702 Consolidation or merger of banks. (1) In general. Any...
221.0703 - Cancellation of charter of merged bank. - 221.0703 Cancellation of charter of merged bank. If a bank...
221.0704 - Interim banks. - 221.0704 Interim banks. Subject to the approval of the division,...
221.0705 - Definitions. - 221.0705 Definitions. In ss. 221.0705 to 221.0718: (1) “Bank" means...
221.0706 - Right to dissent. - 221.0706 Right to dissent. (1) Mandatory dissenters' rights. A shareholder...
221.0707 - Dissent by shareholders and beneficial shareholders. - 221.0707 Dissent by shareholders and beneficial shareholders. (1) Partial exercise...
221.0708 - Notice of dissenters' rights. - 221.0708 Notice of dissenters' rights. (1) Action at shareholder meeting....
221.0709 - Notice of intent to demand payment. - 221.0709 Notice of intent to demand payment. (1) Method of...
221.0710 - Dissenters' notice. - 221.0710 Dissenters' notice. (1) When required. If a proposed corporate...
221.0711 - Duty to demand payment. - 221.0711 Duty to demand payment. (1) Manner of demanding payment....
221.0712 - Restriction on uncertificated shares. - 221.0712 Restriction on uncertificated shares. (1) When transfer restrictions permitted....
221.0713 - Payment. - 221.0713 Payment. (1) When payment made. Except as provided in...
221.0714 - Failure to take action. - 221.0714 Failure to take action. (1) Action not taken. If...
221.0715 - After-acquired shares. - 221.0715 After-acquired shares. (1) Withholding for after-acquired shares. A bank...
221.0716 - Procedure if dissenter is dissatisfied with payment or offer. - 221.0716 Procedure if dissenter is dissatisfied with payment or offer....
221.0717 - Court action. - 221.0717 Court action. (1) When special proceeding required. If a...
221.0718 - Court costs and counsel fees. - 221.0718 Court costs and counsel fees. (1) Assessment of and...
221.0801 - Liquidation. - 221.0801 Liquidation. (1) When authorized. A bank organized or doing...
221.0802 - Banks may be placed in hands of division. - 221.0802 Banks may be placed in hands of division. A...
221.0803 - Charter, how forfeited. - 221.0803 Charter, how forfeited. If the board of directors or...
221.0901 - Acquisitions of banks and bank holding companies. - 221.0901 Acquisitions of banks and bank holding companies. (1) Applicability....
221.0903 - In-state branches maintained by out-of-state banks. - 221.0903 In-state branches maintained by out-of-state banks. (1) Definitions. In...
221.0904 - Out-of-state banks establishing branches. - 221.0904 Out-of-state banks establishing branches. (1) Definitions. In this section:...
221.1001 - Stock book. - 221.1001 Stock book. Every bank shall keep a stock book....
221.1002 - Reports. - 221.1002 Reports. (1) Reporting requirements. A bank shall make to...
221.1003 - Forfeiture. - 221.1003 Forfeiture. A bank failing to make and transmit to...
221.1004 - False statements. - 221.1004 False statements. (1) Prohibition. An officer, director or employee...
221.1005 - Refusal to permit inspection. - 221.1005 Refusal to permit inspection. If an officer in charge...
221.1006 - Fees for certified copies. - 221.1006 Fees for certified copies. If a certified copy of...
221.1007 - Legal process; how served. - 221.1007 Legal process; how served. Legal process against a bank...
221.1008 - Record search. - 221.1008 Record search. A bank is entitled to reimbursement for...
221.1101 - Bank service corporations. - 221.1101 Bank service corporations. (1) Definitions. In this subchapter: (a)...
221.1201 - Stock in bank-owned banks. - 221.1201 Stock in bank-owned banks. A bank, or, subject to...
221.1202 - Bank-owned banks. - 221.1202 Bank-owned banks. (1) Establishment and ownership. The division may...