reglab/housing_qa huggingface dataset:
WI Stat § 220.086 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.086 - Receiver of delinquent bank may borrow from federal government agency; court order.

220.086  Receiver of delinquent bank may borrow from federal government agency; court order. The division, having taken possession of any delinquent bank, may, as receiver of such bank, and upon the order of the circuit court for the county in which such bank is located, borrow money from any agency of the federal government, upon such terms and conditions as may be satisfactory to such federal agency, and issue evidences of indebtedness therefor, and secure the payment of such loan by the mortgage, pledge, transfer in trust, or hypothecation of any or all of the property and assets of such delinquent bank.History:  1995 a. 27.
WI Stat § 220.09 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.09 - Indemnity fund, national bank.

220.09  Indemnity fund, national bank. Every national bank which has authority under federal law to act in a fiduciary capacity shall comply with s. 223.02.History:  1995 a. 27, 336.
WI Stat § 220.10 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.10 - Books and accounts; division's control.

220.10  Books and accounts; division's control. Whenever it appears to the division that any bank does not keep books and accounts in such manner as to enable the division to readily ascertain the true condition of such bank, the division may require the officers of such bank to open and keep such books or accounts as the division prescribes for the purpose of keeping accurate and convenient records of the transactions and accounts of such bank. Any bank that refuses or neglects to open and keep such books or accounts as the division prescribes shall be subject to a penalty of $10 for each day it neglects and fails to open and keep such prescribed books and accounts.History:  1991 a. 316; 1995 a. 27.
WI Stat § 220.12 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.12 - Attorney general, duty of.

220.12  Attorney general, duty of. All proceedings by any bank to enjoin the division in the discharge of the division's duties shall be had in the county where said bank is located, or in the supreme court of this state. All suits and proceedings arising out of the provisions of the banking laws, in which the state, or any of its officers or agents shall be parties, shall be conducted under the direction and supervision of the attorney general.History:  1991 a. 316; 1995 a. 27.
WI Stat § 220.13 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.13 - Copies as evidence.

220.13  Copies as evidence. Copies of all records and papers held in the division and certified by the division shall be evidence in all cases equally and of like effect as the original.History:  1991 a. 316; 1995 a. 27.
WI Stat § 220.14 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.14 - Division's report.

220.14  Division's report. The division shall publish an annual report and submit the report to the governor and the chief clerk of each house of the legislature for distribution to the legislature under s. 13.172 (2). The report shall: (1) Exhibit the condition of the various banks of the state as of the day of the last report made to the division by such banks. (2) Contain a statement of the condition of every bank from which reports have been received, with an abstract of the whole amount of capital returned by them, the whole amount of their liabilities, the total amount of resources, and specifying the amount of lawful money held by banks at the time of their several returns. (3) Give a tabulated statement of the resources and liabilities of each bank. (4) Contain a statement of the banks whose business has been closed during the year, the amount of their resources and liabilities, the amount paid to the creditors thereof and a statement of any banks organized during the year. (5) Contain a statement of the total number of orders issued by the division during the year under s. 222.0203 (2).  (7) Give such other information as the division deems necessary.History:  1977 c. 196 s. 131; 1983 a. 524; 1995 a. 27; 2003 a. 63.
WI Stat § 220.17 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.17 - Effect of consolidating banks and trust companies.

220.17  Effect of consolidating banks and trust companies. (1) Whenever 2 or more banks or trust companies, including national banks, authorized to do a banking business in the state of Wisconsin, shall be consolidated under the charter of one of the consolidating banks or trust companies, or under a new charter issued to such consolidated institution, the rights, interests and franchises of any bank or trust company joining in or party to such consolidation in and to every species of property, real, personal and mixed and chooses in action thereto belonging, shall be deemed transferred to and vested in the consolidated bank or trust company without any deed, endorsement or other instrument of transfer, and the consolidated bank or trust company shall take, hold and enjoy the same and all rights of property, franchises and interests in the same manner and to the same extent as were held and enjoyed by such consolidating banks or trust companies or both at the time of such consolidation. (2) All of the following apply to a consolidated bank or trust company described in sub. (1), if the consolidated bank or trust company is authorized to perform fiduciary services at the time of the consolidation:(a) The consolidated bank or trust company shall succeed to all rights, obligations, relations, and trusts, and the duties and liabilities connected with the performance of fiduciary services, held by any bank or trust company party to the consolidation, and without further appointment shall act as trustee or personal representative or in any other fiduciary capacity in which any bank or trust company party to the consolidation was acting at the time of the consolidation.(b) The consolidated bank or trust company shall execute and perform each trust or relation described in par. (a) in the same manner as if the consolidated bank or trust company itself had assumed the trust or relation, including the obligations and liabilities connected therewith.(c) The consolidated bank or trust company shall be entitled to be appointed or to act as trustee or personal representative or other fiduciary to the same extent and with the same effect as would any bank or trust company party to the consolidation if prior to the consolidation any bank or trust company party to the consolidation has been designated as trustee or any other fiduciary in any trust deed or other writing, or has been named to act as personal representative in any will.History:  1983 a. 36; 2001 a. 102.
WI Stat § 220.18 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.18 - Bank or corporate notaries; permitted acts.

220.18  Bank or corporate notaries; permitted acts. It shall be lawful for any notary public who is a stockholder, director, officer, member, manager or employee of a bank or other corporation or limited liability company to take the acknowledgment of any party to any written instrument executed to or by that entity, or to administer an oath to any other stockholder, director, officer, member, manager, employee or agent of that entity, or to protest for nonacceptance or nonpayment bills of exchange, drafts, checks, notes and other negotiable instruments which may be owned or held for collection by that entity, if such notary is not a party to such instrument, either individually or as a representative of the entity.History:  1993 a. 112.
WI Stat § 220.285 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.285 - Reproduction and destruction of records; evidence.

220.285  Reproduction and destruction of records; evidence. (1) Any state bank, trust company bank, licensee under ss. 138.09, 138.12, 138.14, 218.0101 to 218.0163, 218.02, 218.04, 218.05, 224.72, or 224.725 or ch. 217 may cause any or all records kept by such bank, licensee, or registered person to be recorded, copied or reproduced by any photostatic, photographic or miniature photographic process or by optical imaging if the process employed correctly, accurately and permanently copies, reproduces or forms a medium for copying, reproducing or recording the original record on a film or other durable material. A bank may thereafter dispose of the original record. A licensee or registered person may thereafter dispose of the original record after first obtaining the written consent of the division. This section is applicable to national banking associations insofar as it does not contravene federal law. (2) Any photographic, photostatic, or miniature photographic copy or reproduction or copy reproduced from a film record or any copy of a record generated from optical disc storage of a bank record or record of a licensee or registered person is considered to be an original record for all purposes and shall be treated as an original record in all courts or administrative agencies for the purpose of its admissibility in evidence. A facsimile, exemplification, or certified copy of any such photographic copy or reproduction, copy reproduced from a film record, or copy generated from optical disc storage of a record shall, for all purposes, be considered a facsimile, exemplification, or certified copy of the original record. History:  1971 c. 239; 1973 c. 3; 1991 a. 39, 221; 1995 a. 27; 1997 a. 152; 1999 a. 31; 2005 a. 215; 2009 a. 2, 405; 2013 a. 277; 2015 a. 196.
WI Stat § 220.30 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.30 - Closing in emergencies.

220.30  Closing in emergencies. No liability shall be incurred by a bank because the bank is closed during an emergency. If a bank closes during an emergency, the closing shall be noted in the minutes of the next meeting of the bank's board of directors. A bank may not declare in default for nonpayment any obligation which became due while the bank was closed during the emergency if timely payment on the obligation was tendered but not accepted because the bank was closed.History:  1971 c. 120; 1987 a. 252.
WI Stat § 220.32 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 220 - Banking.|220.32 - Transfer of trust business within bank holding company groups.

220.32  Transfer of trust business within bank holding company groups. (1) Definitions. In this section:(a) “Corporate fiduciary" means all of the following:1. A trust company bank, state bank with trust powers, corporation or limited liability company, that is authorized under the laws of this state to accept and execute trusts.2. A national bank or other federally chartered financial institution, if that bank or institution has its principal place of business in this state and is authorized by the appropriate federal agency to accept and execute trusts.(b) “Subsidiary" of a bank holding company means any other corporation or limited liability company of which voting stock having a majority of the votes entitled to be cast is owned, directly or indirectly, by the bank holding company.(c) “Trust business" includes self-declared trusts that are established and maintained by a corporate fiduciary, such as common trust funds and group trust funds, and all other activities in which a corporate fiduciary is acting as a fiduciary, as defined in s. 112.01 (1) (b), regardless of whether or not a portion of these activities could be undertaken by an entity that is not authorized to accept and execute trusts in this state. (2)  Transfer to successor fiduciary. If the board of directors of a bank holding company adopt a resolution directing one of its subsidiaries that is a corporate fiduciary to succeed to all or part of the existing or future trust business of another of its subsidiaries that is a corporate fiduciary, the successor corporate fiduciary shall succeed to the predecessor corporate fiduciary. The substitution shall be effective on the date specified in the resolution and no additional authorization is needed. The successor corporate fiduciary shall succeed to all capacities in which the predecessor corporate fiduciary had been acting with respect to the transferred trust business. If, or to the extent that, the resolution directs that one subsidiary shall succeed to future trust business of another subsidiary of the same bank holding company, the successor shall be considered to be named as fiduciary in all writings that named the predecessor corporate fiduciary as trustee, including all wills, trusts, court orders and similar documents and instruments.History:  1997 a. 316.
WI Stat § 221.0101 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0101 - Title.

221.0101  Title. This chapter may be cited as the “Wisconsin banking law".History:  1995 a. 336.
WI Stat § 221.0102 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0102 - Definitions.

221.0102  Definitions. In this chapter: (1) “Articles of incorporation" includes amended and restated articles of incorporation. (2) “Authorized shares" means the shares of all classes that a bank is authorized to issue. (3) “Capital stock" means the stock of a bank, other than preferred stock. (4) “Capital" means, with respect to any bank, the sum of all of the following, less the bank's intangible assets:(a) The bank's capital stock.(b) The bank's preferred stock.(bm) The bank's surplus.(c) The bank's undivided profits.(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). (5) “Record date" means the date on which a bank determines the identity of its shareholders for purposes of this chapter. (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. (7) “Subscriber" means a person who subscribes for shares in a bank, whether before or after incorporation of the bank. (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. (9) “Voting group" means any of the following:(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.(b) All shares that under the articles of incorporation or this chapter are entitled to vote generally on a matter.History:  1995 a. 336; 1997 a. 27.
WI Stat § 221.0103 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0103 - Notice.

221.0103  Notice. (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. (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. (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. (4)  Date notice is effective. (a) Except as provided in par. (b) and ss. 221.0607 (2) and 221.0622 (1), written notice is effective on the earliest of the following:1. On the date received.2. Five days after deposit of the notice in the U.S. mail, if mailed postpaid and correctly addressed.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.4. On the effective date specified in the articles of incorporation or bylaws.(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.(c) Oral notice is effective when communicated.History:  1995 a. 336.
WI Stat § 221.0104 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0104 - Applicability.

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.History:  1995 a. 336.
WI Stat § 221.0105 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0105 - Fees.

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.History:  1995 a. 336.
WI Stat § 221.0201 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0201 - Applicants.

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.History:  1995 a. 336.
WI Stat § 221.0203 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0203 - Certificate of authority.

221.0203  Certificate of authority. (1) Powers granted by certificate. If an application for authority to organize a banking corporation is approved, the division shall issue a certificate of authority to the applicants, who shall thereafter be known as the incorporators. The certificate of authority shall grant the incorporators such powers as are incidentally or necessarily preliminary to the organization of a banking corporation. These powers include all of the following:(a) Creating a temporary organization, consisting of a chairperson, a secretary and a treasurer.(b) Executing and filing articles of incorporation.(c) Adopting rules for the conduct of meetings of the incorporators and of the first meeting of the shareholders.(d) Opening subscription books for stock.(e) Securing an option on real estate to be used as a bank office.(f) Fixing an amount at which the stock shall be sold.(g) Collecting subscriptions to the stock.(h) Selecting a depository for funds as may be collected.(i) Appointing any agent or agents.(j) Compiling a set of bylaws for submission to the shareholders. (2)  Voting requirements. Following the incorporation of a bank, an action permitted by this chapter to be taken by its incorporators may be taken by the majority of its incorporators or the survivors of the incorporators.History:  1995 a. 336.
WI Stat § 221.0204 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0204 - Temporary organization.

221.0204  Temporary organization. The chairperson of the incorporators shall preside at all meetings and shall exercise other duties that are ordinarily performed by a chairperson. The secretary shall manage the correspondence of the incorporators, record fully all proceedings of the meetings of the incorporators, file and preserve all documents and papers of the organization, and file any necessary papers with the division. The treasurer shall receive all moneys paid in on subscriptions to stock or for other purposes, keep a true account thereof, deposit these funds in the designated depository, and pay such valid orders as may be drawn on the treasurer. The incorporators shall require a bond in a suitable amount from the treasurer and from other officers and agents who may handle the funds of the proposed bank. The incorporators shall audit claims against the proposed bank and record of action on these claims in the minutes. If a claim is ordered paid, an order shall be drawn upon the treasurer and signed by the chairperson and secretary. Until the completion of the organization of the proposed bank, the incorporators may exercise the powers conferred upon incorporators of corporations under ch. 180, to the extent that these powers are not in conflict with this chapter.History:  1995 a. 336.
WI Stat § 221.0205 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0205 - Capital stock.

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 institutions 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 percent of the aggregate amount of the capital stock, shall be subscribed at the time the subscription list of shareholders is prepared by the incorporators.History:  1995 a. 336; 1997 a. 146; 2019 a. 65.
WI Stat § 221.02055 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.02055 - Reserves.

221.02055  Reserves. (1) Definitions. In this section:(a) “Municipal obligation" has the meaning given in s. 67.01 (6).(b) “Short-term" means maturing within 18 months or less. (2)  Reserve requirements. A bank shall maintain sufficient reserves to meet anticipated withdrawals, commitments and loan demand. A bank shall maintain at least the level of reserves required for it by the federal reserve system. The division may prescribe additional reserve requirements for an individual bank based on examination findings or other reports available to the division. (3)  Permitted reserves. A bank's reserves consist of all of the following:(a) Cash.(b) Cash items in the process of collection.(c) Short-term obligations of or demand balances with other insured financial institutions in the United States.(d) Short-term obligations of or guaranteed by the federal government.(e) Short-term obligations of this state.(f) Short-term municipal obligations.(g) Short-term obligations approved by rule of the division.(h) Balances with federal reserve banks. (4)  Effect of insufficient reserves. If the reserves of a bank fall below the reserves required under sub. (2), the bank may not increase its loans or discounts, except by discounting or purchasing bills of exchange payable at sight or on demand. The division shall notify a bank whose reserves are below the reserves required under sub. (2) that the bank shall make good its reserves. If the bank fails for 30 days thereafter to make good such reserves, the division may assess the bank $100 for each 2-week period during which the bank has not made good its reserves and may notify the attorney general and the department of justice shall institute proceedings for the appointment of a receiver and to wind up the business of the bank. The assessment shall be paid to the division and, if any such bank fails or refuses to pay the assessment, the division may maintain an action for the recovery of the assessment.History:  1995 a. 336.