221.0204 Temporary organization. The chairperson of the incorporators shall preside at all meetings and shall exercise other duties that are ordinarily performed by a chairperson. The secretary shall manage the correspondence of the incorporators, record fully all proceedings of the meetings of the incorporators, file and preserve all documents and papers of the organization, and file any necessary papers with the division. The treasurer shall receive all moneys paid in on subscriptions to stock or for other purposes, keep a true account thereof, deposit these funds in the designated depository, and pay such valid orders as may be drawn on the treasurer. The incorporators shall require a bond in a suitable amount from the treasurer and from other officers and agents who may handle the funds of the proposed bank. The incorporators shall audit claims against the proposed bank and record of action on these claims in the minutes. If a claim is ordered paid, an order shall be drawn upon the treasurer and signed by the chairperson and secretary. Until the completion of the organization of the proposed bank, the incorporators may exercise the powers conferred upon incorporators of corporations under ch. 180, to the extent that these powers are not in conflict with this chapter.
History: 1995 a. 336.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
221.0203 - Certificate of authority.
221.0204 - Temporary organization.
221.0206 - Articles of incorporation.
221.0209 - Prohibition on transacting business.
221.0210 - Publication of charter.
221.0211 - Amendment of articles of incorporation.
221.0212 - Restated articles of incorporation.
221.0214 - Amendment of bylaws by board of directors or shareholders.
221.0217 - Reorganization of a state bank as a national bank.
221.0218 - Reorganization of a national bank as a state bank.
221.0219 - Conversion of a credit union to a state bank.
221.0302 - Branch banks and other facilities.
221.0303 - Customer bank communications terminals.
221.0305 - Memberships and investments in federal reserve bank.
221.0306 - Memberships and investments in federal home loan bank.
221.0307 - Memberships and investments in other state and federal agencies.
221.0308 - Benefits under federal law; Federal Deposit Insurance Corporation.
221.0309 - Investments in international banking and financial institutions.
221.0310 - Federal National Mortgage Association.
221.0311 - Investments in agricultural credit corporations.
221.0312 - Investments in development companies.
221.0313 - Information to division; stock holdings.
221.0314 - Sale of U.S. bonds.
221.0315 - Insurance activities.
221.0317 - Securitization of assets.
221.0318 - Notes and debentures.
221.0320 - Limit of loans and investments.
221.0321 - Other loans and investments.
221.0322 - Additional banking authority.
221.0323 - Bank purchase of its own stock.
221.0324 - Assets not to be pledged as security.
221.0329 - Savings promotion prize programs.
221.0404 - Deceptive or misleading use of bank name, logo, or symbol.
221.0501 - Quorum and voting requirements for voting groups.
221.0502 - Greater or lower quorum or greater voting requirements.
221.0503 - Bylaw fixing quorum or voting requirements for shareholders.
221.0504 - Number of shareholders.
221.0505 - Issued and outstanding shares.
221.0508 - Form and content of certificates.
221.0509 - Restriction on transfer of shares and other securities.
221.0513 - Shareholder action without a meeting.
221.0515 - Disclosure to shareholders.
221.0518 - Shareholders' list for meeting.
221.0520 - Shares held by nominees.
221.0521 - Acceptance of instruments showing shareholder action.
221.0522 - Voting for directors; cumulative voting.
221.0525 - Shares of stock, when not transferable.
221.0526 - Stock control of bank or trust company bank by other corporation.
221.0601 - Requirement for and duties of board of directors.
221.0602 - Qualifications of directors.
221.0603 - Number and election of directors.
221.0604 - Election of directors by certain classes of shareholders.
221.0605 - Terms of directors generally.
221.0606 - Staggered terms of directors.
221.0607 - Resignation of directors.
221.0608 - Removal of directors by shareholders.
221.06105 - Board action without a meeting.
221.0611 - Response to examination.
221.0616 - Reliance by directors or officers.
221.0617 - Consideration of interests in addition to shareholders' interests.
221.0618 - Limited liability of directors.
221.0619 - Director conflict of interest.
221.0621 - Duties of officers.
221.0622 - Resignation and removal of officers.
221.0623 - Contract rights of officers.
221.0624 - Signature of officers.
221.0625 - Loans to bank officials; penalty.
221.0626 - Definitions applicable to indemnification and insurance provisions.
221.0627 - Mandatory indemnification.
221.0628 - Bank may limit indemnification.
221.0629 - Allowance of expenses as incurred.
221.0630 - Court-ordered indemnification.
221.0631 - Determination of right to indemnification.
221.0632 - Indemnification and allowance of expenses of employees and agents.
221.0634 - Additional rights to indemnification and allowance of expenses.
221.0635 - Indemnification and insurance against securities law claims.
221.0637 - Bank officers and employees not to take commissions.
221.0702 - Consolidation or merger of banks.
221.0703 - Cancellation of charter of merged bank.
221.0707 - Dissent by shareholders and beneficial shareholders.
221.0708 - Notice of dissenters' rights.
221.0709 - Notice of intent to demand payment.
221.0710 - Dissenters' notice.
221.0711 - Duty to demand payment.
221.0712 - Restriction on uncertificated shares.
221.0714 - Failure to take action.
221.0715 - After-acquired shares.
221.0716 - Procedure if dissenter is dissatisfied with payment or offer.
221.0718 - Court costs and counsel fees.
221.0802 - Banks may be placed in hands of division.
221.0803 - Charter, how forfeited.
221.0901 - Acquisitions of banks and bank holding companies.
221.0903 - In-state branches maintained by out-of-state banks.
221.0904 - Out-of-state banks establishing branches.
221.1005 - Refusal to permit inspection.
221.1006 - Fees for certified copies.
221.1007 - Legal process; how served.
221.1101 - Bank service corporations.