Wis. Admin. Code Department of Financial Institutions DFI-SB 17.02
Current through November 25, 2024
The division may, on application, grant a special permit to a savings bank or affiliate of a savings bank to exercise trust powers. The division shall review and make a determination on the application within 30 business days of its receipt. Except as permitted under s. 214.04(10) and (22), Stats., no savings bank may exercise trust powers without obtaining the permit.
Wis. Admin. Code Department of Financial Institutions DFI-SB 17.02
Note: This section interprets or implements ss. 214.03 and 214.04, Stats.
Sentence one parallels 12 USC 1464(n)1. The section parallels s. DFI-SL 17.02.