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2018 Wisconsin Statutes & Annotations
Chapter 221. State banks.
221.0628 Bank may limit indemnification.
Universal Citation: WI Stat § 221.0628 (2018)
221.0628 Bank may limit indemnification. A bank's articles of incorporation may limit its obligation to indemnify under s. 221.0627. Any provision of the articles of incorporation relating to a banks power or obligation to indemnify that was in existence on July 1, 1996, does not constitute a limitation on the bank's obligation to indemnify under s. 221.0627. A limitation under this section applies if the first alleged act or omission of a director or officer for which indemnification is sought occurred while the limitation was in effect.
History: 1995 a. 336.
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