The following form of articles of incorporation is approved for use by each stock savings bank:
ARTICLES OF INCORPORATION OF
(full name of savings bank) a Wisconsin capital stock savings bank | |
Article 1. | The name of the savings bank is_____________________ |
Article 2. | The purpose of the savings bank is to engage in any lawful activity for which a capital stock savings bank may be organized and operated under Chapter 214 of the Wisconsin Statutes. |
Article 3. | The savings bank is authorized to issue____ shares of common stock having a par value of $_____ per share. |
Article 4. | Voting rights shall be vested exclusively in the savings bank's stockholders. |
Article 5. | The number of directors shall be fixed by bylaw, but may not be less than five. |
Article 6. | The address of the savings bank's home office at the time of adoption of these articles is ________________________________________ |
Article 7. | The names and addresses of the incorporators are: [for a new savings bank only] |
Wis. Admin. Code Department of Financial Institutions DFI-SB 9.02
This section interprets or implements s. 214.25, Stats.