Wis. Stat. § 54.956
This is the official text of Wis. Stat. § 54.956, part of Wisconsin’s Wisconsin Statutes — the complete compiled statutory law of Wisconsin, organized into numbered chapters by subject.
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Form and effect of receipt and acceptance by custodial trustee, jurisdiction.
Official statutory text
(1) Obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this subchapter upon the custodial trustee’s acceptance, express or implied, of the custodial trust property.
(2) The custodial trustee’s acceptance may be evidenced by a writing stating in substantially the following form:
(3) Upon accepting custodial trust property, a person designated as custodial trustee under this subchapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.
History: 1991 a. 246 ; 1993 a. 213 ; 2005 a. 387 s. 557 ; Stats. 2005 s. 54.956.
(2) The custodial trustee’s acceptance may be evidenced by a writing stating in substantially the following form:
(3) Upon accepting custodial trust property, a person designated as custodial trustee under this subchapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.
History: 1991 a. 246 ; 1993 a. 213 ; 2005 a. 387 s. 557 ; Stats. 2005 s. 54.956.
Status: in_force · Read it on the official government site
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