Section 1.25. Loan treatment respecting limitations.

  A loan when made by any person, committee or group (except a loan of money by a commercial lending institution made by the institution in accordance with applicable banking laws and regulations in the ordinary course of business) shall be reported as a contribution or disbursement, and also as an incurred obligation by the debtor. When such a loan is received by a registrant, it is counted within the contribution limitation of the creditor while outstanding, but is not counted within the limitation after repayment. The amount or value of any such outstanding loans and any other contributions or disbursements shall at no time exceed any limitation specified in ss. 11.1101 , 11.1103 , 11.1104 , and 11.1105 , Stats.

History: Cr. Register, March, 1975, No. 231 , eff. 4-1-75; am. Register, February, 1986, No. 362 , eff. 3-1-86; correction made under s. 13.92 (4) (b) 7. , Stats., Register June 2016 No. 726 .

Note

Section 11.31, Stats., was repealed by 2015 Wis. Act 117 . Microsoft Windows NT 6.1.7601 Service Pack 1