There is a newer version of the Wisconsin Statutes & Annotations
2010 Wisconsin Code
Chapter 224. Miscellaneous banking and financial institutions provisions.
224.02 Banking, defined.
224.02
SUBCHAPTER IBANKING PROVISIONS
224.02 Banking, defined. The soliciting, receiving, or accepting of money or its equivalent on deposit as a regular business by any person, partnership, association, or corporation, shall be deemed to be doing a banking business, whether such deposit is made subject to check or is evidenced by a certificate of deposit, a passbook, a note, a receipt, or other writing, provided that nothing herein shall apply to or include money left with an agent, pending investment in real estate or securities for or on account of the agent's principal.
224.02 - ANNOT.
History: 991 a. 316; 1993 a. 490; 2005 a. 158.224.02 - ANNOT.
A "junior achievement" bank would be a banking business and violate s. 224.03. 62 Atty. Gen. 254.Disclaimer: These codes may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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