Wisconsin Statutes 221.0504 – Number of shareholders
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Terms Used In Wisconsin Statutes 221.0504
- 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
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
(1) Method of counting. For purposes of this chapter, any of the following constitutes one shareholder if identified as a shareholder in a bank’s current record of shareholders:
(a) Three or fewer co-owners.
(b) An entity.
(c) The trustees, guardians, custodians or other fiduciaries of a single trust, estate or account.
(2) Substantially similar names. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.