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Code · Wisconsin · Chapter 221 — State banks

221.0206 Articles of incorporation.

128 words·~1 min read·/wi/chapter-221/221-0206-2

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221.0206 Articles of incorporation.
(1)Time for filing. The incorporators shall file articles of incorporation with the division within a reasonable time, as determined by the division, from the date on which the division approved the certificate of authority. If the incorporators do not file the articles of incorporation within this period, all rights of the incorporators cease and the certificate of authority to organize is void.
(2)Form and contents.
(a)The articles of incorporation shall be executed in duplicate, and shall be signed by the majority of the incorporators. All signers must be residents of this state and must be subscribers to stock of the bank or of a bank holding company of the bank.
(b)The articles of incorporation shall contain all of the following:
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