Section 19.10. Preservation of existing subsidiaries.

Latest version.

Notwithstanding the provisions of this chapter, a financial institution may retain control of a subsidiary or retain an interest in a subsidiary that the financial institution lawfully controlled or acquired before November 1, 2000, and conduct through such subsidiary any activities lawfully conducted in such subsidiary as of such date. Furthermore, no provision of this chapter shall be construed as superseding the authority for financial institutions to conduct operations through subsidiaries under ch. DFI-SB 15 .

History: Cr. Register, October, 2000, No. 538 , eff. 11-1-00.

                    
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