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Pledgee-Executed Transactions

Statute: § 551.202(7), Wis. Stats.

Used for:  Transactions executed by a bona fide pledgee without any purpose of evading Chapter 551, Wis.  Stats.

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 necessary in order to claim this exemption.

History: Predecessor statute 551.23(7), Wis. Stats., adopted on January 1, 1970.  Identical to Uniform Securities Act of 1956 § 402(b)(7). Renumbered effective January 1, 2009.


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