Issuer to Underwriter Transactions
Underwriter to Issuer Transactions

Statute: § 551.23(4), Wis. Stats.

Used for: Transactions between issuers and underwriters.

Filing requirement: Self-Executing. No filing or Consent to Service of Process is necessary in order to claim this exemption.

Frequently asked questions:

Q: Is this exemption self­executing?

    A:  Yes.  No filing or Consent to Service of Process is required.

History :  Adopted on January 1, 1970.  Identical to Uniform Securities Act section 402(b)(4).