Wis. Admin. Code Department of Financial Institutions DFI-SL 7.03

Current through August 26, 2024
Section DFI-SL 7.03 - Plans for the deferral of earned income

An association may contract with an officer, director or employe of the association to defer payment of a portion of current income to a later date if the remuneration is currently earned and the deferral is charged to current earnings and is reflected as an association liability.

Wis. Admin. Code Department of Financial Institutions DFI-SL 7.03

CR Register, June, 1989, No. 402, eff. 7-1-89.

This section interprets or implements s. 215.50(7), Stats.