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Can you summarize WIST Chapter 221?
Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations. > State banks.
Short Summary
The provided legal document content consists of excerpts from the Wisconsin Statutes governing state banks. It covers various aspects such as the application process for organizing a bank, the powers granted to incorporators, the temporary organization of a proposed bank, reserve requirements, filing requirements for articles of incorporation, proposed bylaws and shareholder lists, commencement of business, issuance of charters, amendment of articles of incorporation and bylaws, authorization and issuance of stock, issuance of preferred stock, reorganization of national banks as state banks, and conversion of credit unions to state banks. These documents apply to individuals seeking to organize a banking corporation, state banks, shareholders, board of directors, and credit unions seeking to convert to state banks. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Individuals seeking to organize a banking corporation, state banks, shareholders, board of directors, and credit unions seeking to convert to state banks
What does it govern?
Organization and operation of state banks in Wisconsin
What are exemptions?
No specific exemptions or penalties are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Wisconsin