Register January 2006 No. 601
Minimum requirement for new savings banks.
Ch. DFI-SB 18 Note
Chapter SB 18 was renumbered ch. DFI-SB 18 under s. 13.93 (2m) (b) 1., Stats., and corrections made under s. 13.93 (2m) (b) 7., Stats., Register, November, 1997, No. 503
Capital stock savings banks.
Except as provided under sub. (2)
, the division may approve the organization of a stock savings bank and issue a certificate of incorporation only if stockholders pay to the savings bank capital of at least $500,000 or a higher amount as the division may determine.