Section DFI-Bkg 18.01 - Definitions In this chapter:
(1e) "Administrator" means the administrator of the division of banking.(1m) "Division" means the division of banking.(1s) "Investment" means moneys advanced, directly or indirectly by a bank or its subsidiary in listed or unlisted stocks, capital notes and debentures, bonds, real estate, small business investment companies and other obligations or securities as are permitted by law or administrative rule.(2) "Security" means the interest pledged to a bank or its subsidiary for a loan. Permissible forms of security include real estate, business assets, listed and unlisted securities, cash surrender value of life insurance, limited partnerships but not as a general partner and other forms as permitted by law or administrative rule. Loans under s. 221.0321 (1), Stats., need not be secured.(3) "Subsidiary" means any business in which a parent bank owns an interest of at least 80% of the voting stock pursuant to s. DFI-Bkg 3.04.Wis. Admin. Code Department of Financial Institutions DFI-Bkg 18.01
CR Register, May, 1987, No. 377, eff. 6-1-87; correction in (2) made under s. 13.93(2m) (b) 7, Stats., Register October 2001 No. 550.Amended by, CR 23-039: renum. (1) to (1s), cr. (1e), (1m) Register February 2024 No. 819, eff. 4/1/2024