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Wis. Stat. § 214.045

Status as internal revenue service qualified thrift lender

1991 a. 221; 1995 a. 27.

A savings bank shall qualify for and maintain either the 60 percent asset test of section 7701 (a)

(19) of the internal revenue code, or an asset test prescribed by rule of the division that is not less than the percentage prescribed by section 7701 (a)

(19) of the internal revenue code.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.