Foreign Government Issued Securities
Statute: § 551.201(2), Wis. Stats.
Used for: Securities, issued, insured or guaranteed by any foreign government with which the United States currently maintains diplomatic relations, if the security is recognized as a valid obligation by the issuer, insurer or guarantor.
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 551.22(2), Wis Stats. Repealed and recreated effective January 1, 2009.