Wisconsin § 221.0628 Bank may limit indemnification.

Wisconsin Statutes

§ 221.0628 — Bank may limit indemnification.

Wisconsin § 221.0628

Ch. 221State banks

Subch.subch. VI of ch. 221 SUBCHAPTER VI

DIRECTORS, OFFICERS AND EMPLOYEES

This text of Wisconsin § 221.0628 (Bank may limit indemnification.) 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. § 221.0628 (2026).

Text

221.0628  A bank’s articles of incorporation may limit its obligation to indemnify under s. 221.0627 . Any provision of the articles of incorporation relating to a banks power or obligation to indemnify that was in existence on July 1, 1996, does not constitute a limitation on the bank’s obligation to indemnify under s. 221.0627 . A limitation under this section applies if the first alleged act or omission of a director or officer for which indemnification is sought occurred while the limitation was in effect.

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221.0628 A bank’s articles of incorporation may limit its obligation to indemnify under s. 221.0627 . Any provision of the articles of incorporation relating to a banks power or obligation to indemnify that was in existence on July 1, 1996, does not constitute a limitation on the bank’s obligation to indemnify under s. 221.0627 . A limitation under this section applies if the first alleged act or omission of a director or officer for which indemnification is sought occurred while the limitation was in effect.