221.0617   Consideration of interests in addition to shareholders' interests.
221.0618   Limited liability of directors.
221.0619   Director conflict of interest.
221.0620   Officers.
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.
221.0633   Insurance.
221.0634   Additional rights to indemnification and allowance of expenses.
221.0635   Indemnification and insurance against securities law claims.
221.0636   Theft.
221.0637   Bank officers and employees not to take commissions.
SUBCHAPTER VII
SHARE EXCHANGE, MERGER AND
CONSOLIDATION
221.0701   Interest exchange.
221.0702   Consolidation or merger of banks.
221.0703   Cancellation of charter of merged bank.
221.0704   Interim banks.
221.0705   Definitions.
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.
221.0713   Payment.
221.0714   Failure to take action.
221.0715   After-acquired shares.
221.0716   Procedure if dissenter is dissatisfied with payment or offer.
221.0717   Court action.
221.0718   Court costs and counsel fees.
SUBCHAPTER VIII
DISSOLUTION AND LIQUIDATION
221.0801   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.
221.0904   Out-of-state banks establishing branches.
SUBCHAPTER X
RECORDS, REPORTS AND LEGAL PROCESS
221.1001   Stock book.
221.1002   Reports.
221.1003   Forfeiture.
221.1004   False statements.
221.1005   Refusal to permit inspection.
221.1006   Fees for certified copies.
221.1007   Legal process; how served.
221.1008   Record search.
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.
subch. I of ch. 221 SUBCHAPTER I
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)(a) (a) The bank's capital stock.
221.0102(4)(b) (b) The bank's preferred stock.
221.0102(4)(bm) (bm) The bank's surplus.
221.0102(4)(c) (c) The bank's undivided profits.
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.
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2021-22 Wisconsin Statutes updated through 2023 Wis. Act 125 and through all Supreme Court and Controlled Substances Board Orders filed before and in effect on April 26, 2024. Published and certified under s. 35.18. Changes effective after April 26, 2024, are designated by NOTES. (Published 4-26-24)