{"data":{"id":"us-wi/wis.-stat.-221.0605","jurisdiction":"us-wi","citation":"Wis. Stat. § 221.0605","heading":"Terms of directors generally.","body":"(1) Expiration of term. The terms of the directors of a bank, including the initial directors, expire at the next annual shareholders’ meeting unless their terms are staggered under s. 221.0606.\n(2) Effect of decrease in number. A decrease in the number of directors may not shorten an incumbent director’s term.\n(3) Effect of expiration of term. Despite the expiration of a director’s term, the director shall continue to serve, subject to ss. 221.0607 and 221.0608, until his or her successor is elected and, if necessary, qualifies or until there is a decrease in the number of directors.","path":["Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations","Chapter 221 State Banks","SUBCHAPTER VI DIRECTORS, OFFICERS AND EMPLOYEES"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/221.0605","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:08Z","sha256":"ca46ce7f28c8212f06fbe868a686bf619989048b41ec9e14d8981af52cdee4d9","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-221.0604","next":"us-wi/wis.-stat.-221.0606"},"notice":"GroundRules: Original legal text. Not legal advice."}