221.0219 Conversion of a credit union to a state bank. A credit union under ch. 186 may become a state bank under this chapter by doing all of the following:
(1) Applying to the division of banking for authority to organize as a bank under this chapter and satisfying all requirements under this chapter for organizing as a bank.
(2) Satisfying all requirements under s. 186.314 (2m) for conversion to a state bank.
(3) Recording the bank's articles of incorporation in the county in which its home office is located.
History: 2011 a. 32.
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