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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) When held. A bank shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.
(2) Where held. A bank may hold the annual shareholders' meeting in or outside this state at the place stated in or fixed in accordance with the bylaws. If no place is stated in or fixed in accordance with the bylaws, the bank shall hold the annual meeting at its principal office.
(3) Effect of failure to comply. Failure to hold an annual meeting in one or more years does not affect the validity of any bank action.
Cite this article: FindLaw.com - Wisconsin Statutes Banking and Finance (Ch. 214 to 225) § 221.0511. Annual meeting - last updated January 01, 2025 | https://codes.findlaw.com/wi/banking-and-finance-ch-214-to-225/wi-st-221-0511/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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