GroundRules
Wis. Stat. § 221.0326: Bad debts.
Where this section sits in the code
- Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations
- Chapter 221 State Banks
- SUBCHAPTER III PURPOSES AND POWERS
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.
Collected 2026-09-05T12:01:08Z. Source file · JSON