reglab/housing_qa huggingface dataset:
WI Stat § 221.0629 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0629 - Allowance of expenses as incurred.

221.0629  Allowance of expenses as incurred. Upon written request by a director or officer who is a party to a proceeding, a bank may pay or reimburse his or her reasonable expenses as incurred if the director or officer provides the bank with all of the following: (1)  Affirmation of good faith belief. A written affirmation of his or her good faith belief that he or she has not breached or failed to perform his or her duties to the bank. (2)  Undertaking to repay. A written undertaking, executed personally or on his or her behalf, to repay the allowance and, if required by the bank, to pay reasonable interest on the allowance to the extent that it is ultimately determined under s. 221.0631 that indemnification under s. 221.0627 (2) is not required and that indemnification is not ordered by a court under s. 221.0630 (2) (b). The undertaking under this subsection shall be an unlimited general obligation of the director or officer and may be accepted without reference to his or her ability to repay the allowance. The undertaking may be secured or unsecured.History:  1995 a. 336.
WI Stat § 221.0630 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0630 - Court-ordered indemnification.

221.0630  Court-ordered indemnification. (1) Application for indemnification. Except as provided otherwise by written agreement between the director or officer and the bank, a director or officer who is a party to a proceeding may apply for indemnification to the court conducting the proceeding or to another court of competent jurisdiction. Application shall be made for an initial determination by the court under s. 221.0631 (5) or for review by the court of an adverse determination under s. 221.0631 (1), (2), (3), (4) or (6). After receipt of an application, the court shall give any notice that it considers necessary. (2)  When to be ordered by court. The court shall order indemnification if it determines any of the following:(a) That the director or officer is entitled to indemnification under s. 221.0627. If the court also determines that the bank unreasonably refused the director's or officer's request for indemnification, the court shall order the bank to pay the director's or officer's reasonable expenses incurred to obtain the court-ordered indemnification.(b) That the director or officer is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, regardless of whether indemnification is required under s. 221.0627.History:  1995 a. 336.
WI Stat § 221.0631 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0631 - Determination of right to indemnification.

221.0631  Determination of right to indemnification. Unless otherwise provided by the articles of incorporation or bylaws or by written agreement between the director or officer and the bank, the director or officer seeking indemnification under s. 221.0627 (2) shall select one of the following means for determining his or her right to indemnification: (1)  Board or committee vote. By a majority vote of a quorum of the board of directors consisting of directors who are not at the time parties to the same or related proceedings. If a quorum of disinterested directors cannot be obtained, by majority vote of a committee duly appointed by the board of directors and consisting solely of 2 or more directors who are not at the time parties to the same or related proceedings. Directors who are parties to the same or related proceedings may participate in the designation of members of the committee. (2)  Independent legal counsel. By independent legal counsel selected by a quorum of the board of directors or its committee in the manner prescribed in sub. (1) or, if unable to obtain such a quorum or committee, by a majority vote of the full board of directors, including directors who are parties to the same or related proceedings. (3)  Panel of arbitrators. By a panel of 3 arbitrators consisting of one arbitrator selected by those directors entitled under sub. (2) to select independent legal counsel, one arbitrator selected by the director or officer seeking indemnification and one arbitrator selected by the 2 arbitrators previously selected. (4)  Shareholder vote. By an affirmative vote of shares as provided in s. 221.0501. Shares owned by, or voted under the control of, persons who are at the time parties to the same or related proceedings, whether as plaintiffs or defendants or in any other capacity, may not be voted in making the determination. (5)  Court order. By a court under s. 221.0630. (6)  Other methods. By any other method provided for in any additional right to indemnification permitted under s. 221.0634.History:  1995 a. 336.
WI Stat § 221.0632 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0632 - Indemnification and allowance of expenses of employees and agents.

221.0632  Indemnification and allowance of expenses of employees and agents. (1) Mandatory indemnification. Except as provided in sub. (3), a bank shall indemnify an employee who is not a director or officer, to the extent that he or she has been successful on the merits or otherwise in defense of a proceeding, for all reasonable expenses incurred in the proceeding if the employee was a party because he or she was an employee of the bank. (2)  Permitted indemnification. Except as provided in sub. (3), in addition to the indemnification required by sub. (1), a bank may indemnify and allow reasonable expenses of an employee or agent who is not a director or officer to the extent provided by the articles of incorporation or bylaws, by general or specific action of the board of directors or by contract. (3)  Prohibited indemnification. A bank may not indemnify or allow reasonable expenses of an employee or agent who is not a director or officer if the indemnification or allowance is expressly prohibited by s. 221.0803, by other provisions of this chapter or by applicable federal law or in connection with an administrative proceeding or action instituted under ch. 220 which results in a final order against an officer or director under s. 220.04 (4), (9) or (10).History:  1995 a. 336.
WI Stat § 221.0633 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0633 - Insurance.

221.0633  Insurance. Except as expressly prohibited by other provisions of this chapter or applicable federal law or in connection with an administrative proceeding or action instituted under ch. 220 which results in a final order against an employee, agent, director or officer under s. 220.04 (4), (9) or (10), a bank may purchase and maintain insurance on behalf of the employee, agent, director or officer against liability asserted against or incurred by the individual in his or her capacity as an employee, agent, director or officer or arising from his or her status as an employee, agent, director or officer, regardless of whether the bank is required or authorized to indemnify or allow expenses to the individual against the same liability under ss. 221.0627, 221.0629, 221.0632 and 221.0634.History:  1995 a. 336.
WI Stat § 221.0634 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0634 - Additional rights to indemnification and allowance of expenses.

221.0634  Additional rights to indemnification and allowance of expenses. (1) Provision for additional rights. Except as provided in sub. (2) and except as expressly prohibited by other provisions of this chapter or applicable federal law or in connection with an administrative proceeding or action instituted under ch. 220 which results in a final order against an officer or director under s. 220.04 (4), (9) or (10), ss. 221.0627 and 221.0629 do not preclude any additional right to indemnification or allowance of expenses that a director or officer may have under any of the following:(a) The articles of incorporation or bylaws.(b) A written agreement between the director or officer and the bank.(c) A resolution of the board of directors.(d) A resolution that is adopted, after notice, by a majority vote of all of the bank's voting shares then issued and outstanding. (2)  When additional rights prohibited. Regardless of the existence of an additional right under sub. (1), the bank may not indemnify a director or officer, or permit a director or officer to retain any allowance of expenses, unless it is determined by or on behalf of the bank that the director or officer did not breach or fail to perform a duty that he or she owes to the bank which constitutes conduct under s. 221.0627 (2) (a) 1., 2., 3. or 4. A director or officer who is a party to the same or related proceeding for which indemnification or an allowance of expenses is sought may not participate in a determination under this subsection. (3)  Reimbursement of certain expenses. Sections 221.0626 to 221.0635 do not affect a bank's power to pay or reimburse expenses incurred by a director or officer in any of the following circumstances:(a) As a witness in a proceeding to which he or she is not a party.(b) As a plaintiff or petitioner in a proceeding because he or she is or was an employee, agent, director or officer.History:  1995 a. 336.
WI Stat § 221.0635 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0635 - Indemnification and insurance against securities law claims.

221.0635  Indemnification and insurance against securities law claims. (1) In general. It is the public policy of this state to require or permit indemnification, allowance of expenses and insurance for any liability incurred in connection with a proceeding involving securities regulation described under sub. (2) to the extent required or permitted under ss. 221.0626 to 221.0634. (2)  Applicability. Sections 221.0626 to 221.0634 apply, to the extent applicable to any other proceeding, to any proceeding involving a federal law or regulation or a state law or rule that regulates the offer, sale or purchase of securities, securities brokers or dealers, or investment companies or investment advisors.History:  1995 a. 336.
WI Stat § 221.0636 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0636 - Theft.

221.0636  Theft. (1) Theft prohibited. (a) An officer, director, employee or agent of a bank may not do any of the following:1. Steal, abstract or willfully misapply money, funds, credits, or property of the bank, whether owned by the bank or held in trust.2. Without authority of the board of directors, issue or put forth a certificate of deposit, draw an order or bill of exchange or make an acceptance, assign a note, bond, draft, bill of exchange, mortgage, judgment or decree.3. Make a false entry in a book, report or statement of the bank with intent to injure or defraud the bank or any person, or to deceive an officer of the bank, an agent appointed to examine the affairs of the bank, or any other person.(b) A person may not intentionally aid or abet a violation of par. (a). (2)  Penalty. Any person who violates sub. (1) is guilty of a Class H felony.History:  1995 a. 336; 1997 a. 283; 2001 a. 109.
WI Stat § 221.0637 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0637 - Bank officers and employees not to take commissions.

221.0637  Bank officers and employees not to take commissions. (1) Commissions prohibited. An officer, director, agent or employee of a bank may not, directly or indirectly, take, accept or receive, or offer or agree to take, accept or receive, a commission, fee, compensation, or thing of material value, from any person in consideration of the bank of which he or she is an officer, director, agent or employee, doing any of the following:(a) Loaning any money to a person.(b) Buying or discounting a note, bond, draft, or bill of exchange from the person.(c) Accepting any draft for, or issuing any letter of credit to, the person. (2)  Penalties. Any person who violates sub. (1) is guilty of a Class I felony.History:  1995 a. 336; 1997 a. 283; 2001 a. 109.
WI Stat § 221.0701 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0701 - Share exchange.

221.0701  Share exchange. A bank or other corporation may acquire all of the outstanding shares of one or more classes or series of a bank organized under this chapter, with the approval of the division, if the board of directors of the bank, by resolution adopted by the board, approves a plan of share exchange and its shareholders also approve a plan of share exchange pursuant to ss. 180.1102 to 180.1106. This section does not limit the power of a corporation or bank to acquire all or part of the shares of one or more classes or series of a bank through a voluntary exchange or otherwise. Application for approval of a share exchange shall be made to the division on a form prescribed by the division. The application shall be accompanied by a fee established by the division.History:  1995 a. 336.
WI Stat § 221.0703 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0703 - Cancellation of charter of merged bank.

221.0703  Cancellation of charter of merged bank. If a bank has merged or consolidated with or been absorbed by another bank, the division shall cancel the charter of the bank.History:  1995 a. 336.
WI Stat § 221.0704 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0704 - Interim banks.

221.0704  Interim banks. Subject to the approval of the division, one or more banks may consolidate or merge into or with an interim bank organized under this chapter under the charter of either the existing bank or banks or the interim bank in accordance with the provisions of this chapter for consolidation or merger of a bank. The division shall promulgate rules providing for a simple process for the organization of interim banks under this chapter. The rules shall permit the organization of an interim bank with a minimum of one director.History:  1995 a. 336.
WI Stat § 221.0705 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0705 - Definitions.

221.0705  Definitions. In ss. 221.0705 to 221.0718: (1) “Bank" means the issuer bank or, if a corporate action giving rise to dissenters' rights under s. 221.0706 is a merger or share exchange that has been effectuated, the surviving bank of the merger or the acquiring corporation or bank of the share exchange. (2) “Beneficial shareholder" means a person who is a beneficial owner of shares held by a nominee as the shareholder. (3) “Dissenter" means a shareholder or beneficial shareholder who is entitled to dissent from corporate action under s. 221.0706 and who exercises that right when and in the manner required by ss. 221.0709 to 221.0716. (4) “Fair value", with respect to a dissenter's shares, means the value of the shares immediately before the effectuation of the corporate action to which the dissenter objects, excluding any appreciation or depreciation in anticipation of the corporate action unless the exclusion would be inequitable. (5) “Interest" means interest from the effectuation date of the corporate action until the date of payment, at a rate that is fair and equitable under all of the circumstances. (6) “Issuer bank" means a bank that is the issuer of the shares held by a dissenter before the corporate action.History:  1995 a. 336.
WI Stat § 221.0706 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0706 - Right to dissent.

221.0706  Right to dissent. (1) Mandatory dissenters' rights. A shareholder or beneficial shareholder may dissent from, and obtain payment of the fair value of his or her shares in the event of, any of the following corporate actions:(a) Consummation of a plan of merger to which the issuer bank is a party.(b) Consummation of a plan of share exchange if the issuer bank's shares will be acquired, and the shareholder or the shareholder holding shares on behalf of the beneficial shareholder is entitled to vote on the plan.(c) Except as provided in sub. (2), any other corporate action taken pursuant to a shareholder vote to the extent that the articles of incorporation, the bylaws or a resolution of the board of directors provides that the voting or nonvoting shareholder or beneficial shareholder may dissent and obtain payment for his or her shares. (2)  Permissive dissenters' rights. The articles of incorporation may allow a shareholder or beneficial shareholder to dissent from an amendment of the articles of incorporation and obtain payment of the fair value of his or her shares if the amendment materially and adversely affects rights in respect of a dissenter's shares because it does any of the following:(a) Alters or abolishes a preferential right of the shares.(b) Creates, alters or abolishes a right in respect of redemption, including a provision respecting a sinking fund for the redemption or repurchase, of the shares.(c) Alters or abolishes a preemptive right of the holder of shares to acquire shares or other securities.(d) Excludes or limits the right of the shares to vote on any matter or to cumulate votes, other than a limitation by dilution through issuance of shares or other securities with similar voting rights.(e) Reduces the number of shares owned by the shareholder or beneficial shareholder to a fraction of a share if the fractional share so created is to be acquired for cash under s. 221.0506. (3)  Rights of dissenter. A shareholder or beneficial shareholder entitled to dissent and obtain payment for his or her shares under ss. 221.0701 to 221.0718 may not challenge the corporate action creating his or her entitlement unless the action is unlawful or fraudulent with respect to the shareholder, beneficial shareholder or issuer bank.History:  1995 a. 336.
WI Stat § 221.0707 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0707 - Dissent by shareholders and beneficial shareholders.

221.0707  Dissent by shareholders and beneficial shareholders. (1) Partial exercise of dissenters' rights. A shareholder may assert dissenters' rights as to fewer than all of the shares registered in his or her name only if the shareholder dissents with respect to all shares beneficially owned by any one person and notifies the bank in writing of the name and address of each person on whose behalf he or she asserts dissenters' rights. The rights of a shareholder, who asserts dissenters' rights under this subsection as to fewer than all of the shares registered in his or her name, are determined as if the shares as to which he or she dissents and his or her other shares were registered in the names of different shareholders. (2)  Rights of beneficial shareholders. A beneficial shareholder may assert dissenters' rights as to shares held on his or her behalf only if the beneficial shareholder does all of the following:(a) Submits to the bank the shareholder's written consent to the dissent not later than the time that the beneficial shareholder asserts dissenters' rights.(b) Submits the consent under par. (a) with respect to all shares of which he or she is the beneficial shareholder.History:  1995 a. 336.
WI Stat § 221.0708 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0708 - Notice of dissenters' rights.

221.0708  Notice of dissenters' rights. (1) Action at shareholder meeting. If proposed corporate action creating dissenters' rights under s. 221.0706 is submitted to a vote at a shareholders' meeting, the meeting notice shall state that shareholders and beneficial shareholders are or may be entitled to assert dissenters' rights under ss. 221.0701 to 221.0718 and shall be accompanied by a copy of those sections. (2)  Action without shareholder vote. If corporate action creating dissenters' rights under s. 221.0706 is authorized without a vote of shareholders, the bank shall notify, in writing and in accordance with s. 221.0103, all shareholders entitled to assert dissenters' rights that the action was authorized and send them the dissenters' notice described in s. 221.0710.History:  1995 a. 336.
WI Stat § 221.0709 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0709 - Notice of intent to demand payment.

221.0709  Notice of intent to demand payment. (1) Method of asserting dissenters' rights. If proposed corporate action creating dissenters' rights under s. 221.0706 is submitted to a vote at a shareholders' meeting, a shareholder or beneficial shareholder who wishes to assert dissenters' rights shall do all of the following:(a) Deliver to the issuer bank before the vote is taken written notice that complies with s. 221.0103 of the shareholder's or beneficial shareholder's intent to demand payment for his or her shares if the proposed action is effectuated.(b) Refrain from voting his or her shares in favor of the proposed action. (2)  Failure to comply. A shareholder or beneficial shareholder who fails to comply with sub. (1) is not entitled to payment for his or her shares under ss. 221.0701 to 221.0718.History:  1995 a. 336.
WI Stat § 221.0710 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 221 - State banks.|221.0710 - Dissenters' notice.

221.0710  Dissenters' notice. (1) When required. If a proposed corporate action creating dissenters' rights under s. 221.0706 is authorized at a shareholders' meeting, the bank shall deliver a written dissenters' notice to all shareholders and beneficial shareholders who satisfied s. 221.0709 (1). (2)  Timing and content of notice. The dissenters' notice shall be sent no later than 10 days after the corporate action is authorized at a shareholders' meeting or without a vote of shareholders, whichever is applicable, and all necessary regulatory approvals are obtained. The dissenters' notice shall comply with s. 221.0103 and shall include or have attached all of the following:(a) A statement indicating where the shareholder or beneficial shareholder must send the payment demand and where and when certificates for certificated shares must be deposited.(b) For holders of uncertificated shares, an explanation of the extent to which transfer of the shares will be restricted after the payment demand is received.(c) A form for demanding payment that includes the date of the first announcement to news media or to shareholders of the terms of the proposed corporate action and that requires the shareholder or beneficial shareholder asserting dissenters' rights to certify whether he or she acquired beneficial ownership of the shares before that date.(d) A date by which the bank must receive the payment demand, which may not be fewer than 30 days nor more than 60 days after the date on which the dissenters' notice is delivered.(e) A copy of ss. 221.0701 to 221.0718.History:  1995 a. 336.