A bank may take and receive personal property from any person for safekeeping and storage and may rent out the use of safes or other receptacles upon its premises upon such compensation as may be agreed upon. The bank has a lien for its charges on any property taken or received by it for safekeeping. If the lien is not paid within 2 years after the date the charges accrue, or if the property taken or received by the bank is not called for within 2 years after the date the charges accrue, the bank may sell the property at public auction.

This legal document governs loans to officers and directors of a bank. A bank is prohibited from lending an amount to any officer or director that exceeds the higher of $25,000 or 5 percent of the bank’s capital without prior approval of the bank’s board of directors. Prior approval is also required when a loan aggregated with all other extensions of credit to the officer or director exceeds $500,000. Violation of this section by an officer or director of a bank is considered a Class F felony.

Checks drawn on any bank or trust company, organized under the laws of this state, shall be cleared at par by the bank or trust company on which they are drawn. Any bank or trust company, or officer or employee thereof, who violates the provisions of this section shall be guilty of a misdemeanor and punished as provided in s. 939.61.

This legal document, part of the Wisconsin Statutes Uniform Commercial Code, provides guidelines for settlement by a bank. The medium and time of settlement can be prescribed by federal reserve regulations, clearinghouse rules, agreements, or other similar means. In the absence of such prescription, the medium of settlement is cash or credit to an account in a federal reserve bank or a specified bank. The time of settlement varies depending on the method used, such as tender of settlement by cash, check, credit or debit to an account, or funds transfer.

This legal document, part of the Wisconsin Statutes’ Uniform Commercial Code, specifically focuses on bank deposits and collections. It outlines the conditions under which an item is considered finally paid by a payer bank, including cash payment, settlement without the right to revoke, or failure to revoke provisional settlement within the permitted time. The document also explains that if provisional settlement does not become final, the item is not considered finally paid.

This legal document, part of the Wisconsin Statutes’ Uniform Commercial Code, specifically focuses on bank deposits and collections. It outlines the procedures and rights related to the settlement, revocation, and recovery of payments made by payer banks for demand items. The document allows payer banks to revoke settlements and recover payments if certain conditions are met, such as returning the item or sending written notice of dishonor. It also grants payer banks the ability to return demand items or send notice of dishonor if received for credit on their books.

This legal document, part of the Wisconsin Statutes, specifically falls under the Uniform Commercial Code governing bank deposits and collections. It outlines the circumstances under which knowledge, notice, stop-payment orders, or legal processes received by a payer bank will not terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account. The document specifies the order in which items may be charged or certified, including the conditions under which the bank accepts or certifies the item, pays the item in cash, settles for the item, becomes accountable for the amount of the item, or establishes a cutoff hour for checks.

This legal document, part of the Wisconsin Statutes Uniform Commercial Code, governs the charging of a customer’s account by a bank. According to this document, a bank may charge against the account of a customer for an item that is properly payable from that account, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and in accordance with any agreement between the customer and the bank.

This legal document, part of the Wisconsin Statutes, specifically falls under the Uniform Commercial Code Bank Deposits and Collections. It grants customers or any person authorized to draw on the account the right to stop payment of any item drawn on the customer’s account or close the account. The order to stop payment or close the account must be received by the bank in a timely manner to allow the bank to act on it.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.