Wisconsin § 224.03 Banking, unlawful, without charter; penalty.

Wisconsin Statutes

§ 224.03 — Banking, unlawful, without charter; penalty.

Wisconsin § 224.03

Ch. 224Miscellaneous banking and financial institutions provisions

Subch.subch. I of ch. 224 SUBCHAPTER I

BANKING PROVISIONS

This text of Wisconsin § 224.03 (Banking, unlawful, without charter; penalty.) 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. § 224.03 (2026).

Text

224.03  It shall be unlawful for any person, partnership, association, or corporation to do a banking business without having been regularly organized and chartered as a national bank, a state bank or a trust company bank. Any person or persons violating any of the provisions of this section, either individually or as an interested party in any partnership, association, or corporation shall be guilty of a misdemeanor and on conviction thereof shall be fined not less than $300 nor more than $1,000 or imprisoned in the county jail for not less than 60 days nor more than one year or both.

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224.03 It shall be unlawful for any person, partnership, association, or corporation to do a banking business without having been regularly organized and chartered as a national bank, a state bank or a trust company bank. Any person or persons violating any of the provisions of this section, either individually or as an interested party in any partnership, association, or corporation shall be guilty of a misdemeanor and on conviction thereof shall be fined not less than $300 nor more than $1,000 or imprisoned in the county jail for not less than 60 days nor more than one year or both.