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WISCONSIN STATUTES AND CODES

221.0205 Capital stock.

221.0205

221.0205 Capital stock. Immediately following a bank's organization under this chapter, the division shall determine the required capital of the bank, subject to review by the banking review board. In addition to the required capital stock, a contingent fund and paid-in surplus each in an amount equal to at least 25% of the aggregate amount of the capital stock, shall be subscribed at the time the subscription list of shareholders is prepared by the incorporators.

221.0205 - ANNOT.

History: 1995 a. 336; 1997 a. 146.

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