Wisconsin § 214.24 - Application for permission to organize.
Full text of Wisconsin Wisconsin Statutes § 214.24 — Application for permission to organize., with citation guidance and answers to common questions.
§ 214.24. Application for permission to organize.
214.24(1) (1) An adult resident of this state may, with the approval of the division, organize a savings bank. 214.24(2) (2) For stock savings banks, the division shall determine the minimum required capital which shall be at least the minimum required to obtain insurance of accounts from a deposit insurance corporation and may include additional amounts as the division may require, based on rules promulgated by the division. 214.24(3) (3) For mutual savings banks, the division shall determine the aggregate minimum amount of funds to be paid into the savings bank’s deposit accounts by persons subscribing for deposit accounts and the length of time for which the incorporators shall guarantee payment of savings bank operating expenses. The minimum amount of capital required shall be at least the minimum required to obtain insurance of the accounts from a deposit insurance corporation and may include additional amounts as the division may require, based on rules promulgated by the division. 214.24(4) (4) An incorporator shall submit a nonrefundable $1,000 application fee with an application. 214.24 History History: 1991 a. 221 ; 1995 a. 27 . 214.24 Cross-reference Cross-reference: See also ch. DFI-SB 18 , Wis. adm. code.
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 214.24
What does Wisconsin Statutes § 214.24 cover?
Section 214.24 ("Application for permission to organize.") 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 § 214.24?
A common citation format is "Wisconsin Statutes § 214.24" (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 § 214.24 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.