Wisconsin § 224.02 - Banking, defined.
Full text of Wisconsin Wisconsin Statutes § 224.02 — Banking, defined., with citation guidance and answers to common questions.
§ 224.02. Banking, defined.
The soliciting, receiving, or accepting of money or its equivalent on deposit as a regular business by any person, partnership, association, or corporation, shall be deemed to be doing a banking business, whether such deposit is made subject to check or is evidenced by a certificate of deposit, a passbook, a note, a receipt, or other writing, provided that nothing herein shall apply to or include money left with an agent, pending investment in real estate or securities for or on account of the agent’s principal. 224.02 History History: 991 a. 316; 1993 a. 490 ; 2005 a. 158 . 224.02 Annotation A “junior achievement” bank would be a banking business and violate s. 224.03. 62 Atty. Gen. 254.
Frequently Asked Questions About Wisconsin § 224.02
What does Wisconsin Statutes § 224.02 cover?
Section 224.02 ("Banking, defined.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 224.02?
A common citation format is "Wisconsin Statutes § 224.02" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 224.02 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.