2025 Session
Last amended: 1959 session
§ 48.27 — Limitation on Amount of Deposits
Plain-Language Summary
Limits the total amount of deposits a state bank can accept.
48.27 LIMITATION ON AMOUNT OF DEPOSITS.
No bank or trust company organized under the laws of this state shall accept deposits in a sum exceeding 30 times the amount of its capital stock and its actual surplus.
History:
(7699-12) 1927 c 325 s 1; 1943 c 342 s 2; 1945 c 73 s 1; 1947 c 11 s 1; 1949 c 24 s 1; 1959 c 88 s 11
History: History: (7699-12) 1927 c 325 s 1; 1943 c 342 s 2; 1945 c 73 s 1; 1947 c 11 s 1; 1949 c 24 s 1; 1959 c 88 s 11
Practical Notes
Banks cannot take more deposits than their financial condition can safely support.