Wisconsin § 221.0637 Bank officers and employees not to take commissions.

Wisconsin Statutes

§ 221.0637 — Bank officers and employees not to take commissions.

Wisconsin § 221.0637

Ch. 221State banks

Subch.subch. VI of ch. 221 SUBCHAPTER VI

DIRECTORS, OFFICERS AND EMPLOYEES

This text of Wisconsin § 221.0637 (Bank officers and employees not to take commissions.) 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. § 221.0637 (2026).

Text

221.0637 221.0637(1) (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: 221.0637(1)(a) (a) Loaning any money to a person. 221.0637(1)(b) (b) Buying or discounting a note, bond, draft, or bill of exchange from the person. 221.0637(1)(c) (c) Accepting any draft for, or issuing any letter of credit to, the person. 221.0637(2) (2) Penalties. Any person who violates sub.

(1)is guilty of a Class I felony.

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221.0637
221.0637(1) (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:
221.0637(1)(a) (a) Loaning any money to a person.
221.0637(1)(b) (b) Buying or discounting a note, bond, draft, or bill of exchange from the person.
221.0637(1)(c) (c) Accepting any draft for, or issuing any letter of credit to, the person.
221.0637(2) (2) Penalties. Any person who violates sub. (1) is guilty of a Class I felony.