Wis. Admin. Code Department of Financial Institutions DFI-Bkg 15.04
Current through November 25, 2024
Each organization engaged in fiduciary operations shall deposit with the state treasurer not less than 50% of the book value of the assets held by the organization in a fiduciary capacity but not more than $100,000 in cash, or securities eligible for trust investments under ch. 881, Stats., to be held in trust as security for the faithful execution of any fiduciary duties lawfully imposed upon and accepted by the organization.
Wis. Admin. Code Department of Financial Institutions DFI-Bkg 15.04