AB150, s. 6169 5Section 6169. 221.41 of the statutes is amended to read:
AB150,2019,15 6221.41 Charter, how forfeited. If the board of directors or a quorum thereof
7or any committee of such board of any bank shall knowingly violate or knowingly
8permit any of the officers, agents or employes of the bank to violate any of the
9provisions of this chapter, such directors shall jointly and severally be liable for the
10amount of the loss sustained by the bank; and if after a warning from the
11commissioner of banking department it shall fail to make good any loss or damage
12resulting from such acts, or continue such conduct, it shall constitute a ground for
13the forfeiture of the charter of such bank, and it shall thereupon be the duty of the
14commissioner department to institute proceedings to enforce such forfeiture and to
15secure a dissolution and a winding up of the affairs of such bank.
AB150, s. 6170 16Section 6170. 221.43 of the statutes is amended to read:
AB150,2020,2 17221.43 Shares of stock, when not transferable. The shares of stock of an
18incorporated bank shall be deemed personal property, and shall be transferred on the
19books of the bank in such manner as the bylaws thereof may direct, and no transfer
20of capital stock shall be valid while the bank is under notice to make good the
21impairment of its capital, as provided in s. 220.07, nor until such impairment shall
22have been made good. A transfer of stock shall be certified by the bank cashier to the
23commissioner of banking department within 3 days after the transfer, if the transfer
24is of at least 5% of the outstanding shares or affects the holdings of the owner of

1record or beneficial owner of at least 5% of the outstanding shares. Failure to comply
2with this requirement shall be punishable by a fine of not to exceed $100.
AB150, s. 6171 3Section 6171. 221.47 of the statutes is amended to read:
AB150,2020,11 4221.47 Circulating notes, when issuable. If the congress of the United
5States hereafter removes the tax on bank circulation or provides for the
6establishment of circulation of banks organized under state laws, any bank
7organized or doing business under this chapter may issue circulating notes or
8currency in accordance with any such act of congress, or under such regulations as
9the office of the commissioner of banking department prescribes. This section shall
10not be construed to permit any loan and trust company or any other than a banking
11corporation to issue circulating notes.
AB150, s. 6172 12Section 6172. 221.49 (1) of the statutes is amended to read:
AB150,2020,2413 221.49 (1) Except as provided in sub. (2), no person engaged in business in this
14state, not subject to supervision and examination by the commissioner of banking
15department, and not required to make reports to the commissioner of banking
16department by this chapter, may use the term "bank", in any form upon any office
17sign at the place where the business is transacted, nor may the person make use of
18or circulate any letterheads, billheads, blank notes, blank receipts, certificates,
19circulars, or any written or printed or partly written and partly printed paper having
20thereon any artificial or corporate name, or other words, indicating that the business
21is the business of a bank, but mortgage bankers registered under s. 440.72 224.72
22may use the designation "mortgage banker" and a savings bank organized under ch.
23214 may use the designation "savings bank". Violations of this section are subject
24to s. 220.02 (2).
AB150, s. 6173 25Section 6173. 221.50 of the statutes is amended to read:
AB150,2021,9
1221.50 Declaration of unlimited individual responsibility. The
2stockholders of any bank organized under the provisions of this chapter may file with
3the commissioner of banking department a declaration in writing, signed by each
4and all of them and by them acknowledged, consenting and agreeing to hold
5themselves individually responsible for all the debts, demands and liabilities of said
6bank. Upon application therefor the commissioner department shall make and
7certify a copy of said declaration which shall be received in evidence and have the
8same effect as the original declaration would have if produced in evidence and duly
9proved.
AB150, s. 6174 10Section 6174. 221.51 of the statutes is amended to read:
AB150,2022,6 11221.51 Liability under the stockholders' declaration. On and from the
12filing of such declaration the persons who have executed the same shall be
13individually liable for all the debts, demands and liabilities of said bank, as well
14those then existing and unpaid as those thereafter to be made, created or incurred.
15And in any action brought against any such bank for any debt, demand or liability
16thereof it shall be competent for the party plaintiff to join as defendant therewith any
17one, or more, or all of the stockholders, whose names are attached to such
18declaration, and in such action to recover and have judgment and execution against
19the defendants or either or any of them; provided, that nothing herein shall be
20construed to prevent any action from being maintained for any debt, demand or
21liability of such bank against said bank alone, or against the said stockholders, or
22either or any of them. In case of the bona fide sale and transfer of any stock or interest
23of any stockholder, in any such bank, as provided in s. 221.43, a written
24memorandum of such transfer, signed and acknowledged in manner aforesaid by the
25vendor of said stock or interest, may be filed with the commissioner of banking

1department, and thereupon the individual liability of such vendor for the debts,
2demands and liabilities of said bank, which may be created or incurred after the
3expiration of 6 months from and after the filing of said memorandum shall cease; and
4in such case the purchaser of said stock shall not become or be responsible or liable
5in any manner for the debts, demands and liabilities of such bank unless the
6purchaser shall execute and file the declaration mentioned in s. 221.50.
AB150, s. 6175 7Section 6175. 221.52 of the statutes is amended to read:
AB150,2022,13 8221.52 (title) Commissioner Department may disregard such
9declaration.
The commissioner of banking, the commissioner's deputy or any
10examiner appointed by the commissioner
department shall not be required to take
11into consideration such certificate of unlimited individual responsibility in
12determining the impairment of capital of any bank, or in determining the solvency
13of any such bank.
AB150, s. 6176 14Section 6176. 221.53 of the statutes is amended to read:
AB150,2022,21 15221.53 Fees for certified copies. Whenever any certified copy or copies of
16any records or papers filed in the office of the commissioner of banking department
17shall be lawfully required to be furnished by the commissioner department, the
18commissioner department shall be entitled to a fee of 10 cents for each folio for
19making such copy or copies and 50 cents for each certificate. All such fees shall be
20paid by the commissioner department into the state treasury to the credit of the
21general fund.
AB150, s. 6177 22Section 6177. 221.56 (1) of the statutes is amended to read:
AB150,2023,1923 221.56 (1) Any domestic corporation, investment trust, or other form of trust
24or any regional state bank holding company which shall own, hold or in any manner
25control a majority of the stock in a state bank or trust company, or a bank or bank

1holding company which through a transaction under s. 701.108 acquires control of
2a majority of the stock in a state bank, shall be deemed to be engaged in the business
3of banking and shall be subject to the supervision of the office of the commissioner
4of banking
department. It shall file reports of its financial condition when called for
5by the commissioner of banking department, and the commissioner department may
6order an examination of its condition and solvency whenever in his or her the
7department's
opinion such examination is required, and the cost of such examination
8shall be paid by such corporation or association. Whenever in the opinion of the
9commissioner department the condition of such corporation or association shall be
10such as to endanger the safety of the deposits in any bank or trust company which
11is owned or in any manner controlled by such corporation, or the operation of such
12corporation, association or trust shall be carried on in such manner as to endanger
13the safety of such bank or trust company or its depositors, the commissioner
14department may order such corporation or trust to remedy such condition or policy
15within 90 days and if such order is not complied with, the commissioner department
16shall have power to fully direct the operation of such banks or trust companies until
17such order is complied with, and may withhold all dividends from such corporation
18or trust during the period in which the commissioner department may exercise such
19authority.
AB150, s. 6178 20Section 6178. 221.57 of the statutes is amended to read:
AB150,2024,7 21221.57 Bank-owned banks. The commissioner department may authorize
22the establishment of, and issue a charter to, a bank, all of the stock of which is owned
23by 2 or more state or national banks whose home offices are situated in this state.
24Notwithstanding any other requirement of this section, the commissioner
25department may authorize, by rule, up to 10% of the stock to be held by other persons

1to accommodate operational needs of the bank. The bank shall be deemed a state
2bank chartered under this chapter for all purposes, except that its functions shall be
3limited solely to providing banking and banking-related services to other banks,
4subsidiaries of banks, bank holding companies, subsidiaries of bank holding
5companies and directors, officers and employes of other banks, subsidiaries of banks,
6bank holding companies and subsidiaries of bank holding companies. Such bank
7shall be empowered to authorize and to hold authorized but not issued stock.
AB150, s. 6179 8Section 6179. 221.58 (2) (b) of the statutes is amended to read:
AB150,2024,139 221.58 (2) (b) An in-state bank or in-state bank holding company proposing
10any action under par. (a) shall provide the commissioner of banking department a
11copy of any original application seeking approval by a federal agency or by an agency
12of the regional state and of any supplemental material or amendments filed in
13connection with any application.
AB150, s. 6180 14Section 6180. 221.58 (4) (a) of the statutes is amended to read:
AB150,2024,1915 221.58 (4) (a) The commissioner of banking department finds that the statutes
16of the regional state in which the regional state bank holding company has its
17principal place of business permit in-state bank holding companies both to acquire
18one or more regional state banks and to acquire and merge with one or more regional
19state bank holding companies in the regional state.
AB150, s. 6181 20Section 6181. 221.58 (4) (b) of the statutes is amended to read:
AB150,2024,2321 221.58 (4) (b) The commissioner of banking department has not disapproved
22the acquisition of or merger with the in-state bank or in-state bank holding
23company.
AB150, s. 6182 24Section 6182. 221.58 (4) (c) of the statutes is amended to read:
AB150,2025,10
1221.58 (4) (c) The commissioner of banking department gives a class 3 notice,
2under ch. 985, in the official state newspaper, of the application to take an action
3under sub. (3) and of the opportunity for a hearing and, if at least 25 residents of this
4state petition for a hearing within 30 days of the final notice or if the commissioner
5department on his or her the department's motion calls for a hearing within 30 days
6of the final notice, the commissioner department holds a public hearing on the
7application, except that a hearing is not required if the commissioner department
8finds that an emergency exists and that the proposed action under sub. (3) is
9necessary and appropriate to prevent the probable failure of an in-state bank that
10is closed or in danger of closing.
AB150, s. 6183 11Section 6183. 221.58 (4) (d) of the statutes is amended to read:
AB150,2025,1512 221.58 (4) (d) The commissioner of banking department is provided a copy of
13any original application seeking approval by a federal agency of the acquisition of an
14in-state bank or acquisition of or merger with an in-state bank holding company and
15of any supplemental material or amendments filed with the application.
AB150, s. 6184 16Section 6184. 221.58 (4) (e) of the statutes is amended to read:
AB150,2025,2017 221.58 (4) (e) The applicant has paid the commissioner of banking department
18a fee of $5,000, together with the actual costs incurred by the commissioner
19department in making an investigation related to the application and in holding any
20hearing on the application.
AB150, s. 6185 21Section 6185. 221.58 (6) (intro.) of the statutes is amended to read:
AB150,2025,2422 221.58 (6) Standards for disapproval. (intro.) The commissioner department
23may disapprove any action under sub. (3) if the commissioner department finds any
24of the following:
AB150, s. 6186 25Section 6186. 221.58 (6) (em) of the statutes is amended to read:
AB150,2026,4
1221.58 (6) (em) The applicant has failed to enter into an agreement prepared
2by the commissioner department to comply with laws and rules of this state
3regulating consumer credit finance charges and other charges and related disclosure
4requirements, except to the extent preempted by federal law or regulation.
AB150, s. 6187 5Section 6187. 221.58 (6) (g) of the statutes is amended to read:
AB150,2026,76 221.58 (6) (g) The applicant fails to meet any other standards established by
7rule of the commissioner department.
AB150, s. 6188 8Section 6188. 221.58 (8) (a) of the statutes is amended to read:
AB150,2026,119 221.58 (8) (a) Subsections (1) to (6) do not apply prior to January 1, 1987, except
10that the commissioner department may promulgate rules under sub. (6) (g) to be
11applicable no earlier than the date that subs. (1) to (6) apply.
AB150, s. 6189 12Section 6189. 221.58 (10) of the statutes is amended to read:
AB150,2026,2213 221.58 (10) Divestiture. Any bank holding company that ceases to be either
14an in-state bank holding company or a regional state bank holding company shall
15immediately notify the commissioner of banking department of the change in its
16status and shall, as soon as practical and within not more than 2 years after the event
17causing it to no longer be either an in-state bank holding company or a regional state
18bank holding company, divest itself of control of all in-state banks and in-state bank
19holding companies. A bank or bank holding company that fails to immediately notify
20the commissioner department is liable for a forfeiture of $500 for each day beginning
21with the day its status changes and ending with the day notification is received by
22the commissioner department.
AB150, s. 6190 23Section 6190. 223.02 (1) of the statutes is amended to read:
AB150,2027,1824 223.02 (1) Before any such corporation shall commence business it shall
25deposit with the state treasurer not less than 50 per cent of the amount of its capital

1stock, but no such corporation shall be required to deposit more than $100,000, such
2deposit to be in cash, or securities eligible for trust investments under ch. 881 and
3approved by the commissioner of banking department and shall be held by the state
4treasurer in trust as security for the faithful execution of any trust which may be
5lawfully imposed upon and accepted by it; such corporation may from time to time
6withdraw the said securities as well as the cash, or any part thereof; provided that
7securities or cash of the amount and value required by this section shall, at all times,
8during the existence of such corporation remain in the possession of the state
9treasurer for the purpose aforesaid and until otherwise ordered by a court of
10competent jurisdiction, unless released pursuant to sub. (2). The said treasurer shall
11pay over to such corporation the interest, dividends or other income which the
12treasurer collects upon such securities, or may authorize the said corporation to
13collect the same for its own benefit. Upon such deposit being made and approved,
14the state treasurer shall issue a certificate of such fact and an amount equal to the
15sum stated in such certificate shall remain with the treasurer in the manner
16provided above; in case the capital stock is increased or diminished the amount of
17such deposit shall be increased or diminished to comply herewith and a new
18certificate of such fact shall be issued accordingly.
AB150, s. 6191 19Section 6191. 223.02 (2) of the statutes is amended to read:
AB150,2027,2420 223.02 (2) The securities and cash deposited pursuant to sub. (1) by any bank
21shall be released by the state treasurer and returned to the bank, whenever the
22commissioner of banking department shall certify to the state treasurer that the
23bank no longer exercises fiduciary powers and that he or she the department is
24satisfied that there are no outstanding trust liabilities.
AB150, s. 6192 25Section 6192. 223.025 of the statutes is amended to read:
AB150,2028,13
1223.025 Capital necessary to qualify as fiduciary. Notwithstanding any
2other provision of law, a corporation organized, continued or reorganized under this
3chapter, a majority of the outstanding voting stock of which is controlled directly or
4indirectly by a holding company organized under ch. 180, which has complied with
5s. 223.02 and which has combined unimpaired capital stock and surplus of $200,000
6or more or, if located in a city, town or village of less than 100,000 inhabitants,
7unimpaired capital stock of not less than $50,000, shall not be required to provide
8additional capital and surplus if the parent holding company of the corporation files
9with the commissioner of banking department an undertaking, in a form approved
10by the commissioner department, to be fully responsible for the existing and future
11fiduciary acts and omissions of the corporation and the commissioner department
12determines that, under the circumstances, the combined and unimpaired capital
13stock and surplus of the parent holding company of the corporation are adequate.
AB150, s. 6193 14Section 6193. 223.03 (10) of the statutes is amended to read:
AB150,2028,2315 223.03 (10) Any such corporation may, with the approval of the court having
16jurisdiction, but without profit to itself, transfer to trust estates any mortgages or
17other securities owned by it which comply with the requirements of legal
18investments for trust funds under the statutes. The commissioner of banking
19department shall at each examination of said corporation, examine all mortgages
20and other securities held by said corporation as assets of trust estates, excepting the
21trust estates where investment of trust funds is not required of the trustee, and for
22the purpose of such examination the commissioner department shall possess all the
23power and authority conferred upon the commissioner department by this chapter.
AB150, s. 6194 24Section 6194. 223.03 (14) of the statutes is amended to read:
AB150,2029,4
1223.03 (14) To establish and maintain a branch trust company bank with the
2approval of the commissioner of banking department. Section 221.04 (1) (jm) 2. to
38., as it applies to bank branch offices under that paragraph, applies to trust
4company bank branch offices under this subsection.
AB150, s. 6195 5Section 6195. 223.07 (1) of the statutes is amended to read:
AB150,2029,106 223.07 (1) Any trust company bank may, with the approval of the commissioner
7of banking
department, establish and maintain a trust service office at any office in
8this state of a state or national bank if the establishment of the trust service office
9has been approved by the board of directors of the state or national bank at a meeting
10called for that purpose.
AB150, s. 6196 11Section 6196. 223.07 (3) of the statutes is amended to read:
AB150,2030,1712 223.07 (3) If the state or national bank at which a trust service office is to be
13established has exercised trust powers, the trust company bank and the state or
14national bank shall enter into an agreement respecting those fiduciary powers to
15which the trust company bank shall succeed and shall file the agreement with the
16commissioner of banking department. The trust company bank shall cause a notice
17of the filing, in a form prescribed by the commissioner department, to be published
18as a class 1 notice, under ch. 985, in the city, village or town where the state or
19national bank is located. After filing and publication, the trust company bank
20establishing the office shall, as of the date the office first opens for business, without
21further authorization of any kind, succeed to and be substituted for the state or
22national bank as to all fiduciary powers, rights, duties, privileges and liabilities of
23the bank in its capacity as fiduciary for all estates, trusts, guardianships and other
24fiduciary relationships of which the bank is then serving as fiduciary, except as may
25be otherwise specified in the agreement between the trust company bank and the

1state or national bank. The trust company bank shall also be deemed named as
2fiduciary in all writings, including, but not limited to, wills, trusts, court orders and
3similar documents and instruments naming the state or national bank as fiduciary,
4signed before the date the trust office first opens for business, unless expressly
5negated by the writing or otherwise specified in the agreement between the trust
6company bank and the state or national bank. On the effective date of the
7substitution, the state or national bank shall be released and absolved from all
8fiduciary duties and obligations under such writings and shall discontinue its
9exercise of trust powers on all matters not specifically retained by the agreement.
10This subsection does not effect a discharge in the manner of s. 701.16 (6) or other
11applicable statutes and does not absolve a state or national bank exercising trust
12powers from liabilities arising out of any breach of fiduciary duty or obligation
13occurring prior to the date the trust service office first opens for business at the bank.
14This subsection does not affect the authority, duties or obligations of a bank with
15respect to relationships which may be established without trust powers, including
16escrow arrangements, whether the relationships arise before or after the
17establishment of the trust service office.
AB150, s. 6197 18Section 6197. 223.105 (2) (a) of the statutes is amended to read:
AB150,2030,2019 223.105 (2) (a) Such rules as may be established by the commissioner of
20banking
department under s. 220.04 (7); and
AB150, s. 6198 21Section 6198. 223.105 (3) (a) of the statutes is amended to read:
AB150,2031,522 223.105 (3) (a) To assure compliance with such rules as may be established
23under s. 220.04 (7) the office of the commissioner of banking, commissioner
24department and the office of credit unions and commissioner of savings and loan
25shall, at least once every 18 months, examine the fiduciary operations of each

1organization which is under its respective jurisdiction and is subject to examination
2under sub. (2). If a particular organization subject to examination under sub. (2) is
3not otherwise under the jurisdiction of one of the foregoing agencies, such
4examination shall be conducted by the office of the commissioner of banking
5department.
AB150, s. 6199 6Section 6199. 223.105 (4) of the statutes is amended to read:
AB150,2031,177 223.105 (4) Notice of fiduciary operation. Except for those organizations
8licensed under ch. 221 or this chapter, any organization engaged in fiduciary
9operations as defined in this section shall, as required by rule, notify the
10commissioner of banking, department or the commissioner office of credit unions or
11the commissioner of savings and loan
of that fact, directing the notice to the
12commissioner agency then exercising regulatory authority over the organization or,
13if there is none, to the commissioner of banking department. Any organization which
14intends to engage in fiduciary operations shall, prior to engaging in such operations,
15notify the appropriate commissioner agency of this intention. The notifications
16required under this subsection shall be on forms and contain information required
17by the rules promulgated by the commissioner of banking department.
AB150, s. 6200 18Section 6200. 223.105 (5) of the statutes is amended to read:
AB150,2032,219 223.105 (5) Enforcement remedy. The commissioner of banking department
20or other appropriate commissioner under this section office of credit unions shall
21upon the failure of such organization to submit notifications or reports required
22under this section or otherwise to comply with the provisions of this section, or rules
23established by the commissioner of banking department under s. 220.04 (7), upon
24due notice, order such defaulting organization to cease and desist from engaging in

1fiduciary activities and may apply to the appropriate court for enforcement of such
2order.
AB150, s. 6201 3Section 6201. 223.105 (6) of the statutes is amended to read:
AB150,2032,104 223.105 (6) Sunset. Except for an organization regulated by the office of the
5commissioner
of credit unions or the commissioner of savings and loan or an
6organization authorized by the commissioner of banking department to operate as
7a bank or trust company bank under ch. 221 or this chapter, an organization may not
8begin activity as a fiduciary operation under this section after May 12, 1992. An
9organization engaged in fiduciary operations under this section on May 12, 1992,
10may continue to engage in fiduciary operations after that date.
AB150, s. 6202 11Section 6202. 223.12 (1) of the statutes is amended to read:
AB150,2033,512 223.12 (1) Any trust company, incorporated under the laws of any other state,
13named by any resident of this state, as executor or trustee, or both, under that
14person's last will and testament or any codicil thereto, may be appointed and may
15accept appointment and may act as executor of, or trustee under, the last will and
16testament of any such person in this state, or both, provided trust companies of this
17state are permitted to act as such executor or trustee, or both, in the state where such
18foreign corporation has its domicile, and such foreign corporation shall have
19executed and filed in the office of the commissioner of banking with the department
20a written instrument appointing the commissioner in the commissioner's name of
21office
department its true and lawful attorney upon whom all process may be served
22in any action or proceeding against such executor or trustee, affecting or relating to
23the estate represented or held by such executor or trustee, or the acts or defaults of
24such corporation in reference to such estate, with the same effect as if it existed in
25this state and had been lawfully served with process therein, and shall also have filed

1in the office of such commissioner with the department a copy of its charter, articles
2of organization and all amendments thereto certified to by the secretary of state or
3other proper officer of said foreign state under the seal of office together with the
4post-office address of its principal office and shall further have complied with s.
5223.02.
AB150, s. 6203 6Section 6203. Subchapter I (title) of chapter 224 [precedes 224.02] of the
7statutes is created to read:
AB150,2033,88 Chapter 224
AB150,2033,109 Subchapter I
10 Banking provisions
AB150, s. 6204 11Section 6204. 224.06 (1) of the statutes is amended to read:
AB150,2033,2112 224.06 (1) As a condition precedent to qualification or entry upon the discharge
13of his or her duties, every person appointed or elected to any position requiring the
14receipt, payment or custody of money or other personal property owned by a bank or
15in its custody or control as collateral or otherwise, shall give a bond from an insurer
16qualified under s. 610.11 to do business in this state, in such adequate sum as the
17directors shall require and approve. In lieu of individual bonds the commissioner
18department may accept a schedule or blanket bond which covers all of the officers
19and employes of any bank whose duties include the receipt, payment or custody of
20money or other personal property for or on behalf of the bank. All such bonds shall
21be in the form prescribed by the commissioner of banking department.
AB150, s. 6205 22Section 6205. 224.06 (3) of the statutes is amended to read:
AB150,2034,323 224.06 (3) Such bond shall be sufficient in amount to protect the bank from loss
24by reason of acts of fraud or dishonesty including forgery, theft, embezzlement,
25wrongful abstraction or misapplication on the part of the person, directly or through

1connivance with others. At any time the commissioner department may require
2additional bond or security, when in the commissioner's department's opinion, the
3bonds then executed and approved are insufficient.
AB150, s. 6206 4Section 6206. 224.06 (4) of the statutes is amended to read:
AB150,2034,105 224.06 (4) Every such bond shall provide that no cancellation or other
6termination of the bond shall be effective unless the surety gives in advance at least
710 days' written notice by registered mail to the commissioner department. If the
8bond is canceled or terminated at the request of the insured (employer), the surety
9shall give the written notice to the commissioner department within 10 days after
10the receipt of such request.
AB150, s. 6207 11Section 6207. 224.06 (5) of the statutes is amended to read:
AB150,2034,1612 224.06 (5) For reasons which the commissioner department deems valid and
13sufficient the commissioner department may waive as to the cancellation or
14termination of any such bond the 10-day written notice in advance required by sub.
15(4) and may give written consent to the termination or cancellation being made
16effective as of a date agreed upon and requested by the surety and the bank.
AB150, s. 6208 17Section 6208. 224.075 of the statutes is amended to read:
AB150,2034,21 18224.075 Financially related services tie-ins. In any transaction conducted
19by a bank, bank holding company or a subsidiary of either with a customer who is
20also a customer of any other subsidiary of any of them, the customer shall be given
21a notice in 12-point boldface type in substantially the following form:
AB150,2034,2222 NOTICE OF RELATIONSHIP
AB150,2035,223 This company, .... (insert name and address of bank, bank holding company or
24subsidiary), is related to .... (insert name and address of bank, bank holding company
25or subsidiary) of which you are also a customer. You may not be compelled to buy any

1product or service from either of the above companies or any other related company
2in order to participate in this transaction.
AB150,2035,73 If you feel that you have been compelled to buy any product or service from
4either of the above companies or any other related company in order to participate
5in this transaction, you should contact the management of either of the above
6companies at either of the above addresses or the office of the commissioner of
7banking
department of financial institutions at .... (insert address).
AB150, s. 6209 8Section 6209. 224.70 of the statutes is created to read:
AB150,2035,10 9224.70 Administration. This subchapter shall be administered by the
10department.
AB150, s. 6210 11Section 6210. 224.72 (8) of the statutes is created to read:
AB150,2035,1512 224.72 (8) Fees. (a) Each applicant shall pay an initial registration fee of $34
13to the department. If an examination is required, the applicant shall pay an
14examination fee, in an amount set by the department, in addition to the initial
15registration fee.
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