Wisconsin Statutes
§ 214.24 — Application for permission to organize.
Wisconsin § 214.24
JurisdictionWisconsin
Ch. 214Savings banks
Subch.subch. IV of ch. 214 SUBCHAPTER IV
INCORPORATION AND ORGANIZATION
This text of Wisconsin § 214.24 (Application for permission to organize.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wis. Stat. § 214.24 (2026).
Text
214.24
214.24(1) (1) An adult resident of this state may, with the approval of the division, organize a savings bank.
214.24(2) (2) For stock savings banks, the division shall determine the minimum required capital which shall be at least the minimum required to obtain insurance of accounts from a deposit insurance corporation and may include additional amounts as the division may require, based on rules promulgated by the division.
214.24(3) (3) For mutual savings banks, the division shall determine the aggregate minimum amount of funds to be paid into the savings bank’s deposit accounts by persons subscribing for deposit accounts and the length of time for which the incorporators shall guarantee payment of savings bank operating expenses. The minimum amount of capital required shall be a
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Legislative History
214.24 History History: 1991 a. 221 ; 1995 a. 27 .
Nearby Sections
15
§ 214.01
Definitions.§ 214.015
Administration.§ 214.02
Applicability.§ 214.025
Insurance of accounts.§ 214.03
Parity.§ 214.035
Use of name.§ 214.04
General corporate powers.§ 214.06
Branch offices.§ 214.07
Authorized activities.§ 214.08
Registration.§ 214.085
Reporting requirements.§ 214.09
Acquisitions.§ 214.095
Reorganization as a holding company.§ 214.15
Definitions.Cite This Page — Counsel Stack
Bluebook (online)
Wisconsin § 214.24, Counsel Stack Legal Research, https://law.counselstack.com/statute/wi/214.24.