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Government Securities of Investment Quality Rating

Statute:  § 551.203, Wis. Stats.

Administrative Code: § DFI-Sec 2.02(9)(h), Wis. Adm. Code.

Used for: Any transaction, in other than the initial public offering, involving a government security, other than a revenue obligation and other than a security issued or guaranteed by the United States, where the government security is of investment quality rating as determined by the Wisconsin Division of Banking or by the comptroller of the currency by virtue of credit worthiness.

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.


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