221.0102 Definitions. In this chapter: (1) “Articles of incorporation” includes amended and restated articles of incorporation. (2) “Authorized shares” means the shares of all classes that a bank is authorized to issue. (3) “Capital stock” means the stock of a bank, other than preferred stock. (4) “Capital” means, with respect to any bank, the sum of all of the following, less the bank’s intangible assets: (a) The bank’s capital stock. (b) The bank’s preferred stock. (bm) The bank’s surplus. (c) The bank’s undivided profits. (d) Outstanding notes and debentures of the bank that are legally issued and sold by the bank and approved by the division under s. 221.0318 (2). (5) “Record date” means the date on which a bank determines the identity of its shareholders for purposes of this chapter. (6) “Shareholder” means the person in whose name shares are registered in the records of a bank or, to the extent of the rights granted by a nominee certificate on file with a bank, the beneficial owner of the shares. (7) “Subscriber” means a person who subscribes for shares in a bank, whether before or after incorporation of the bank. (8) “Treasury shares” means shares of a bank that have been issued, that have been subsequently acquired by and belong to the bank, and that have not been canceled or restored to the status of authorized but unissued shares. (9) “Voting group” means any of the following: (a) All shares of one or more classes or series that, under the articles of incorporation or this chapter, are entitled to vote and be counted together collectively on a matter at a meeting of shareholders. (b) All shares that under the articles of incorporation or this chapter are entitled to vote generally on a matter.
221.1002 221.1003 221.1004 221.1005 221.1006 221.1007 221.1008
221.1101
221.1201 221.1202
2
Reports. Forfeiture. False statements. Refusal to permit inspection. Fees for certified copies. Legal process; how served. Record search. SUBCHAPTER XI BANK SERVICE CORPORATIONS Bank service corporations. SUBCHAPTER XII BANK-OWNED BANKS Stock in bank-owned banks. Bank-owned banks.
tice in writing, except that notices to or from a bank may be given orally, if permitted by the bank’s articles of incorporation or bylaws and not otherwise prohibited by this chapter. (3) METHOD OF PROVIDING WRITTEN NOTICE. Unless otherwise provided in the articles of incorporation or bylaws, notice may be communicated in person, by telephone, telegraph, teletype, facsimile or other form of wire or wireless communication, or by mail or private carrier. If these forms of personal notice are impracticable, notice may be communicated by a newspaper of general circulation in the area where published or by radio, television or other form of public broadcast communication. (4) DATE NOTICE IS EFFECTIVE. (a) Except as provided in par. (b) and ss. 221.0607 (2) and 221.0622 (1), written notice is effective on the earliest of the following: 1. On the date received. 2. Five days after deposit of the notice in the U.S. mail, if mailed postpaid and correctly addressed. 3. On the date shown on the return receipt, if the notice is sent by registered or certified mail, return receipt requested, and if the receipt is signed by or on behalf of the addressee. 4. On the effective date specified in the articles of incorporation or bylaws. (b) Written notice by a bank to a shareholder of the bank is effective when mailed. The notice may be addressed to the shareholder’s address shown in the bank’s current record of shareholders. (c) Oral notice is effective when communicated. History: 1995 a. 336.