Current through Acts 2023-2024, ch. 272
Section 221.0637 - Bank officers and employees not to take commissions(1) COMMISSIONS PROHIBITED. An officer, director, agent or employee of a bank may not, directly or indirectly, take, accept or receive, or offer or agree to take, accept or receive, a commission, fee, compensation, or thing of material value, from any person in consideration of the bank of which he or she is an officer, director, agent or employee, doing any of the following: (a) Loaning any money to a person.(b) Buying or discounting a note, bond, draft, or bill of exchange from the person.(c) Accepting any draft for, or issuing any letter of credit to, the person.(2) PENALTIES. Any person who violates sub. (1) is guilty of a Class I felony.1995 a. 336; 1997 a. 283; 2001 a. 109.