Wis. Admin. Code Department of Financial Institutions DFI-SB 9.02

Current through November 25, 2024
Section DFI-SB 9.02 - Articles of incorporation of a capital stock savings bank

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

CR Register, February, 1994, No. 458, eff. 3-1-94.

This section interprets or implements s. 214.25, Stats.