222.0409 Stock in bank-owned banks. With the approval of the division, a universal bank may acquire and hold stock in one or more banks chartered under s. 221.1202 or national banks chartered under 12 USC 27 (b) or in one or more holding companies wholly owning such a bank. Aggregate investments under this section may not exceed 10 percent of the universal bank's capital.
History: 2003 a. 63.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 222 - Universal banks.
222.0205 - Certificate of authority.
222.0207 - Voluntary termination of certification.
222.0301 - Articles of incorporation and bylaws.
222.0305 - Capital and assets.
222.0307 - Acquisitions, mergers, and asset purchases.
222.0401 - Federal financial institution powers.
222.0407 - Universal bank purchase of its own stock.
222.0409 - Stock in bank-owned banks.