Wisconsin Statutes 221.0508 – Form and content of certificates
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Terms Used In Wisconsin Statutes 221.0508
- 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
- in writing: includes any representation of words, letters, symbols or figures. See Wisconsin Statutes 990.01
- Officers: when applied to corporations include directors and trustees. See Wisconsin Statutes 990.01
- Person: includes all partnerships, associations and bodies politic or corporate. 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) Contents. At a minimum, a share certificate shall state on its face all of the following:
(a) The name of the issuing bank and that the bank is organized under the laws of this state.
(b) The name of the person to whom issued.
(c) The number and class of shares and the designation of the series, if any, that the certificate represents.
(2) Classes and series requirements. If the issuing bank is authorized to issue different classes of shares or different series within a class, the front or back of each certificate shall contain any of the following:
(a) A summary of the designations, relative rights, preferences and limitations applicable to each class, and the variations in rights, preferences and limitations determined for each series and the authority of the board of directors to determine variations for future series.
(b) A conspicuous statement that the bank will furnish the shareholder the information described in par. (a) on request, in writing and without charge.
(3) Signature.
(a) Each share certificate shall be signed either manually or in facsimile, by the officer or officers designated in the bylaws or by the board of directors.
(b) The validity of a share certificate is not affected if a person who signed the certificate no longer holds office when the certificate is issued.