Section 2.08. Corporate name.

 

(1)   General. The name of an institution regulated under ch. 215 , Stats. , may include the word "bank" and shall include the word "savings" and in some manner indicate that it is a state chartered savings institution. An institution may not adopt a title that misrepresents the nature of the institution or the services it offers.

(2)   Name change procedure. Prior to changing its corporate name, an institution shall file with the division a written notice indicating the intended change. The division shall notify the institution of its approval or objection on the grounds set forth in sub. (1) . Upon receipt of approval, the institution may change its name by amending its articles of incorporation and bylaws.

History: Emerg. cr. as S-L 1.22, eff. 1-1-89; cr. Register, September, 1989, No. 405 , eff. 10-1-89.

Note

This section interprets or implements ss. 215.02 (18) , 215.135 , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1 This section parallels 12 CFR 543.1 . Amending the articles of incorporation requires a vote of the members of a mutual institution under s. 215.41 (4) , Stats., or the stockholders of a capital stock institution under s. 215.61 (4) , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1