221.0102 Definitions. In this chapter:

(1) “Articles of incorporation" includes amended and restated articles of incorporation.

(2) “Authorized shares" means the shares of all classes that a bank is authorized to issue.

(3) “Capital stock" means the stock of a bank, other than preferred stock.

(4) “Capital" means, with respect to any bank, the sum of all of the following, less the bank's intangible assets:

(a) The bank's capital stock.

(b) The bank's preferred stock.

(bm) The bank's surplus.

(c) The bank's undivided profits.

(d) Outstanding notes and debentures of the bank that are legally issued and sold by the bank and approved by the division under s. 221.0318 (2).

(5) “Record date" means the date on which a bank determines the identity of its shareholders for purposes of this chapter.

(6) “Shareholder" means the person in whose name shares are registered in the records of a bank or, to the extent of the rights granted by a nominee certificate on file with a bank, the beneficial owner of the shares.

(7) “Subscriber" means a person who subscribes for shares in a bank, whether before or after incorporation of the bank.

(8) “Treasury shares" means shares of a bank that have been issued, that have been subsequently acquired by and belong to the bank, and that have not been canceled or restored to the status of authorized but unissued shares.

(9) “Voting group" means any of the following:

(a) All shares of one or more classes or series that, under the articles of incorporation or this chapter, are entitled to vote and be counted together collectively on a matter at a meeting of shareholders.

(b) All shares that under the articles of incorporation or this chapter are entitled to vote generally on a matter.

History: 1995 a. 336; 1997 a. 27.