GroundRules
Wis. Stat. § 221.0506: Fractional shares.
Where this section sits in the code
- Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations
- Chapter 221 State Banks
- SUBCHAPTER V SHARES AND SHAREHOLDERS
(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.
Collected 2026-09-05T12:01:08Z. Source file · JSON