Wisconsin Statutes 221.0506 – Fractional shares
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Wisconsin Statutes 221.0506
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
(1) Issuance and disposition. A bank may do any of the following:
(a) Issue fractions of a share or pay in money the value of fractions of a share.
(b) Arrange for disposition of fractional shares by the shareholders.
(2) Rights of holders of fractional shares. The holder of a fractional share may exercise the rights of a shareholder, including the right to vote, to receive dividends and to participate in the assets of the bank upon liquidation.