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.
221.0904 Out-of-state banks establishing branches.
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.
221.0103 History
History: 1995 a. 336.
221.0104
221.0104
Applicability. This chapter applies to all banks organized and existing within this state. The powers, privileges, duties and restrictions conferred and imposed upon a bank existing and doing business under the laws of this state are hereby abridged, enlarged or modified, as each particular case may require, to conform to this chapter.
221.0104 History
History: 1995 a. 336.
221.0105
221.0105
Fees. The division may establish such fees as it determines are appropriate for documents filed with the division under this chapter and for such other services as the division may provide under this chapter.
221.0105 History
History: 1995 a. 336.
BANK ORGANIZATION
221.0201
221.0201
Applicants. Any number of adult residents of this state, not less than 3 nor more than 20, who desire to associate for the purpose of organizing a banking corporation under this chapter, may apply to the division to organize a bank. The application shall be made on a form prescribed by the division.
221.0201 History
History: 1995 a. 336.
221.0202(1)(1)
Contents. An application under s.
221.0201 shall be prepared and filed in duplicate, and shall include all of the following:
221.0202(1)(b)
(b) The character of the business to be transacted by the proposed bank.
221.0202(1)(d)
(d) The full name, residence, and occupation of each applicant.
