Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 221.0637 — Wisconsin Law | CourtGPT
  1. Home/
  2. Laws/
  3. Wisconsin/
  4. Chapter 221 - State Banks.221.0101 - Title/
  5. § 221.0637
Wisconsin Legal Code

§ 221.0637

Ask AI about this
221.0637 Bank officers and employees not to take commissions. (1) Commissions prohibited. An officer, director, agent or employee of a bank may not, directly or indirectly, take, accept or receive, or offer or agree to take, accept or receive, a commission, fee, compensation, or thing of material value, from any person in consideration of the bank of which he or she is an officer, director, agent or employee, doing any of the following:(a) Loaning any money to a person.(b) Buying or discounting a note, bond, draft, or bill of exchange from the person.(c) Accepting any draft for, or issuing any letter of credit to, the person.(2) Penalties. Any person who violates sub. (1) is guilty of a Class I felony.History: 1995 a. 336; 1997 a. 283; 2001 a. 109.