Wisconsin Statutes (Last Updated: January 10, 2017)

Section 221.0506. Fractional shares.

Latest version.

(1) Issuance and disposition. A bank may do any of the following:

(a) Issue fractions of a share or pay in money the value of fractions of a share.

(b) Arrange for disposition of fractional shares by the shareholders.

(2) Rights of holders of fractional shares. The holder of a fractional share may exercise the rights of a shareholder, including the right to vote, to receive dividends and to participate in the assets of the bank upon liquidation.

1995 a. 336 .

                    
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