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Judicial Sales
Estates
Bankruptcy
Sheriff's Sales

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.


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