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Wisconsin Statutes Banking and Finance (Ch. 214 to 225) § 221.0326. Bad debts

Current as of January 01, 2022 | Updated by FindLaw Staff

All debts due a bank, on which interest is past due and unpaid for a period of 12 months, shall be considered bad debts and shall be charged off to the profit and loss account at the expiration of one year from the date on which the debt became past due, unless the debts are well secured or in process of collection.

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Cite this article: FindLaw.com - Wisconsin Statutes Banking and Finance (Ch. 214 to 225) § 221.0326. Bad debts - last updated January 01, 2022 | https://codes.findlaw.com/wi/banking-and-finance-ch-214-to-225/wi-st-221-0326/

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