Go to Previous Versions
of
this Section
2025 Wisconsin Statutes & Annotations
Chapter 221 - State banks.
221.0601 - Requirement for and duties of board of directors.
Universal Citation:
WI Stat § 221.0601 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
221.0601 Requirement for and duties of board of directors.
(1) Requirement. A bank shall have a board of directors.
(2) Powers. All corporate powers shall be exercised by or under the authority of, and the business and affairs of the bank managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation.
(3) Required oath. Every director shall take and subscribe an oath to perform diligently and honestly the director’s duty and to not knowingly violate or permit a violation of chs. 220 to 224.
History: 1995 a. 336.
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.
