Deposit accounts may be held as follows:

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Terms Used In Wisconsin Statutes 214.585

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Fiduciary: A trustee, executor, or administrator.
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
   (1)   By an individual in his or her own right, regardless of age, or by 2 or more individuals.
   (2)   By a fiduciary if authorized by law.
   (3)   By a government or governmental instrumentality if authorized by law.
   (4)   By a corporation or other person.
   (5)   In any other form receiving the prior written approval of the division.