Statute: § 551.202(12), Wis. Stats.
Used for: Any judicial sale or any transaction by an executor, administrator of an estate, sheriff, marshal, receiver, trustee in bankruptcy, guardian, or conservator.
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 self-executing?
A: Yes. No filing or Consent to Service of Process is required.
History:Predecessor statute 551.23(6), Wis. Stats., adopted January 1, 1970. Identical to Uniform Securities Act of 1956 section 402(b)(6), except that former § 551.23(6), Wis. Stats., also included judicial sales within the exemption. Renumbered January 1, 2009.