Wisconsin Statutes 221.0311 – Investments in agricultural credit corporations
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 221.0311
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A bank may invest, with the approval of the division, in an agricultural credit corporation. Unless a bank owns at least 80 percent of the stock of the agricultural credit corporation, the amount invested by the bank may not exceed 20 percent of the bank’s capital.