Wisconsin § 221.0704 Interim banks.

Wisconsin Statutes

§ 221.0704 — Interim banks.

Wisconsin § 221.0704

Ch. 221State banks

Subch.subch. VII of ch. 221 SUBCHAPTER VII

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Bluebook

Wis. Stat. § 221.0704 (2026).

Text

221.0704  Subject to the approval of the division, one or more banks may consolidate or merge into or with an interim bank organized under this chapter under the charter of either the existing bank or banks or the interim bank in accordance with the provisions of this chapter for consolidation or merger of a bank. The division shall promulgate rules providing for a simple process for the organization of interim banks under this chapter. The rules shall permit the organization of an interim bank with a minimum of one director.

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221.0704 Subject to the approval of the division, one or more banks may consolidate or merge into or with an interim bank organized under this chapter under the charter of either the existing bank or banks or the interim bank in accordance with the provisions of this chapter for consolidation or merger of a bank. The division shall promulgate rules providing for a simple process for the organization of interim banks under this chapter. The rules shall permit the organization of an interim bank with a minimum of one director.