A credit union under ch. 186 may become a state bank under this chapter by doing all of the following:

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Terms Used In Wisconsin Statutes 221.0219

  • Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
  • State: when applied to states of the United States, includes the District of Columbia, the commonwealth of Puerto Rico and the several territories organized by Congress. See Wisconsin Statutes 990.01
   (1)   Applying to the division of banking for authority to organize as a bank under this chapter and satisfying all requirements under this chapter for organizing as a bank.
   (2)   Satisfying all requirements under s. 186.314 (2m) for conversion to a state bank.
   (3)   Recording the bank’s articles of incorporation in the county in which its home office is located.