EX-5.1 3 dex51.txt OPINION OF STANLEY S. STROUP Exhibit 5.1 [LETTERHEAD OF STANLEY S. STROUP EXECUTIVE VICE PRESIDENT AND GENERAL COUNSEL OF WELLS FARGO & COMPANY] August 27, 2001 Board of Directors Wells Fargo & Company 420 Montgomery Street San Francisco, California 94163 Ladies and Gentlemen: In connection with the proposed registration under the Securities Act of 1933, as amended, of a maximum of 10,000,000 shares of common stock, par value $1-2/3 per share, of Wells Fargo & Company, a Delaware corporation (the "Company"), and associated preferred stock purchase rights (such shares and rights collectively referred to as the "Shares"), I have examined such corporate records and other documents, including the registration statement on Form S-4 relating to the Shares, and have reviewed such matters of law as I have deemed necessary for this opinion, and I advise you that in my opinion: 1. The Company is a corporation duly organized and existing under the laws of the state of Delaware. 2. All necessary corporate action on the part of the Company has been taken to authorize the issuance of the Shares, and when issued as described in the registration statement and in accordance with the resolutions adopted by the Board of Directors of the Company, the Shares will be legally and validly issued, fully paid and nonassessable. I consent to the filing of this opinion as an exhibit to the registration statement. Sincerely, /s/ Stanley S. Stroup