Wis. Admin. Code Department of Financial Institutions DFI-Bkg 18.05
Current through November 25, 2024
A bank or its subsidiary shall, prior to disposition of, or withdrawal from, a loan or investment subject to this chapter, inform the administrator by letter of the terms of the transaction. The bank or its operating subsidiary shall provide a financial statement to the administrator within 90 days after the close of its fiscal year. It shall further provide the administrator a copy of all resolutions or other records of the board of directors approving any investments or loans or taking any action with regard thereto pursuant to s. 221.0321, Stats.
Wis. Admin. Code Department of Financial Institutions DFI-Bkg 18.05