Section DFI-SL 2.08 - Corporate name(1) GENERAL. The name of an institution regulated under ch. 215, Stats., may include the word "bank" and shall include the word "savings" and in some manner indicate that it is a state chartered savings institution. An institution may not adopt a title that misrepresents the nature of the institution or the services it offers.(2) NAME CHANGE PROCEDURE. Prior to changing its corporate name, an institution shall file with the division a written notice indicating the intended change. The division shall notify the institution of its approval or objection on the grounds set forth in sub. (1). Upon receipt of approval, the institution may change its name by amending its articles of incorporation and bylaws. Wis. Admin. Code Department of Financial Institutions DFI-SL 2.08
Emerg. CR as S-L 1.22, eff. 1-1-89; CR Register, September, 1989, No. 405, eff. 10-1-89. This section interprets or implements ss. 215.02(18), 215.135, Stats.
This section parallels 12 CFR 543.1. Amending the articles of incorporation requires a vote of the members of a mutual institution under s. 215.41(4), Stats., or the stockholders of a capital stock institution under s. 215.61(4), Stats.