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WISCONSIN STATUTES AND CODES

221.0506 Fractional shares.

221.0506

221.0506 Fractional shares.

221.0506(1)

(1) Issuance and disposition. A bank may do any of the following:

221.0506(1)(a)

(a) Issue fractions of a share or pay in money the value of fractions of a share.

221.0506(1)(b)

(b) Arrange for disposition of fractional shares by the shareholders.

221.0506(2)

(2) Rights of holders of fractional shares. The holder of a fractional share may exercise the rights of a shareholder, including the right to vote, to receive dividends and to participate in the assets of the bank upon liquidation.

221.0506 - ANNOT.

History: 1995 a. 336.

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