Wisconsin § 221.0605 Terms of directors generally.

Wisconsin Statutes

§ 221.0605 — Terms of directors generally.

Wisconsin § 221.0605

Ch. 221State banks

Subch.subch. VI of ch. 221 SUBCHAPTER VI

DIRECTORS, OFFICERS AND EMPLOYEES

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Bluebook

Wis. Stat. § 221.0605 (2026).

Text

0605
0605(1) (1) Expiration of term. The terms of the directors of a bank, including the initial directors, expire at the next annual shareholders’ meeting unless their terms are staggered under s. 221.0606 .
0605(2) (2) Effect of decrease in number. A decrease in the number of directors may not shorten an incumbent director’s term.
0605(3) (3) Effect of expiration of term. Despite the expiration of a director’s term, the director shall continue to serve, subject to ss. 221.0607 and 221.0608 , until his or her successor is elected and, if necessary, qualifies or until there is a decrease in the number of directors.

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221.0605
221.0605(1) (1) Expiration of term. The terms of the directors of a bank, including the initial directors, expire at the next annual shareholders’ meeting unless their terms are staggered under s. 221.0606 .
221.0605(2) (2) Effect of decrease in number. A decrease in the number of directors may not shorten an incumbent director’s term.
221.0605(3) (3) Effect of expiration of term. Despite the expiration of a director’s term, the director shall continue to serve, subject to ss. 221.0607 and 221.0608 , until his or her successor is elected and, if necessary, qualifies or until there is a decrease in the number of directors.