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.
SUBCHAPTER VII
SHARE EXCHANGE, MERGER AND
CONSOLIDATION
221.0702 Consolidation or merger of banks.
221.0703 Cancellation of charter of merged bank.
221.0706 Right to dissent.
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.
SUBCHAPTER VIII
DISSOLUTION AND LIQUIDATION
221.0802 Banks may be placed in hands of division.
221.0803 Charter, how forfeited.
SUBCHAPTER IX
INTERSTATE BANKING AND FOREIGN BANKS
221.0901 Acquisitions of banks and bank holding companies.
221.0903 In-state branches maintained by out-of-state banks.
SUBCHAPTER X
RECORDS, REPORTS AND LEGAL PROCESS
221.1004 False statements.
221.1005 Refusal to permit inspection.
221.1006 Fees for certified copies.
221.1007 Legal process; how served.
SUBCHAPTER XI
BANK SERVICE CORPORATIONS
221.1101 Bank service corporations.
SUBCHAPTER XII
BANK-OWNED BANKS
221.1201 Stock in bank-owned banks.
221.1202 Bank-owned banks.
GENERAL PROVISIONS
221.0101
221.0101
Title. This chapter may be cited as the "Wisconsin banking law".
221.0101 History
History: 1995 a. 336.
221.0102
221.0102
Definitions. In this chapter:
221.0102(1)
(1) "Articles of incorporation" includes amended and restated articles of incorporation.
221.0102(2)
(2) "Authorized shares" means the shares of all classes that a bank is authorized to issue.
221.0102(3)
(3) "Capital stock" means the stock of a bank, other than preferred stock.
221.0102(4)
(4) "Capital" means, with respect to any bank, the sum of all of the following, less the bank's intangible assets:
221.0102(4)(d)
(d) Outstanding notes and debentures of the bank that are legally issued and sold by the bank and approved by the division under
s. 221.0318 (2).
221.0102(5)
(5) "Record date" means the date on which a bank determines the identity of its shareholders for purposes of this chapter.
221.0102(6)
(6) "Shareholder" means the person in whose name shares are registered in the records of a bank or, to the extent of the rights granted by a nominee certificate on file with a bank, the beneficial owner of the shares.
221.0102(7)
(7) "Subscriber" means a person who subscribes for shares in a bank, whether before or after incorporation of the bank.
221.0102(8)
(8) "Treasury shares" means shares of a bank that have been issued, that have been subsequently acquired by and belong to the bank, and that have not been canceled or restored to the status of authorized but unissued shares.
221.0102(9)
(9) "Voting group" means any of the following:
221.0102(9)(a)
(a) All shares of one or more classes or series that, under the articles of incorporation or this chapter, are entitled to vote and be counted together collectively on a matter at a meeting of shareholders.
221.0102(9)(b)
(b) All shares that under the articles of incorporation or this chapter are entitled to vote generally on a matter.
221.0102 History
History: 1995 a. 336;
1997 a. 27.
221.0103(1)(1)
Applicability. This section applies to a notice that is required under this chapter or that is made subject to this section by express reference to this section.
221.0103(2)
(2) When oral notice permitted. A person shall give notice in writing, except that notices to or from a bank may be given orally, if permitted by the bank's articles of incorporation or bylaws and not otherwise prohibited by this chapter.
221.0103(3)
(3) Method of providing written notice. Unless otherwise provided in the articles of incorporation or bylaws, notice may be communicated in person, by telephone, telegraph, teletype, facsimile or other form of wire or wireless communication, or by mail or private carrier. If these forms of personal notice are impracticable, notice may be communicated by a newspaper of general circulation in the area where published or by radio, television or other form of public broadcast communication.
221.0103(4)(a)2.
2. Five days after deposit of the notice in the U.S. mail, if mailed postpaid and correctly addressed.
221.0103(4)(a)3.
3. On the date shown on the return receipt, if the notice is sent by registered or certified mail, return receipt requested, and if the receipt is signed by or on behalf of the addressee.
221.0103(4)(a)4.
4. On the effective date specified in the articles of incorporation or bylaws.
221.0103(4)(b)
(b) Written notice by a bank to a shareholder of the bank is effective when mailed. The notice may be addressed to the shareholder's address shown in the bank's current record of shareholders.
