Section 7.02. Plans for the deferral of earned income.

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A savings bank may contract with any of its officers, directors or employees to defer payment of a portion of current income to a later date if the remuneration is currently earned and the deferral is charged to current earnings and is reflected as a savings bank liability.

History: Cr. Register, February, 1994, No. 458 , eff. 3-1-94.

Note

This section interprets or implements s. 214.345 , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1

                    
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