Wisconsin § 221.0601 Requirement for and duties of board of directors.

Wisconsin Statutes

§ 221.0601 — Requirement for and duties of board of directors.

Wisconsin § 221.0601

Ch. 221State banks

Subch.subch. VI of ch. 221 SUBCHAPTER VI

DIRECTORS, OFFICERS AND EMPLOYEES

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Bluebook

Wis. Stat. § 221.0601 (2026).

Text

0601
0601(1) (1) Requirement. A bank shall have a board of directors.
0601(2) (2) Powers. All corporate powers shall be exercised by or under the authority of, and the business and affairs of the bank managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.
0601(3) (3) Required oath. Every director shall take and subscribe an oath to perform diligently and honestly the director’s duty and to not knowingly violate or permit a violation of chs. 220 to 224 .

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221.0601
221.0601(1) (1) Requirement. A bank shall have a board of directors.
221.0601(2) (2) Powers. All corporate powers shall be exercised by or under the authority of, and the business and affairs of the bank managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.
221.0601(3) (3) Required oath. Every director shall take and subscribe an oath to perform diligently and honestly the director’s duty and to not knowingly violate or permit a violation of chs. 220 to 224 .