Wisconsin Statutes 219.09 – Certain district and authority bonds as legal investments and security
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 219.09
- Fiduciary: A trustee, executor, or administrator.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
- Personal representative: means a person, however denominated, who is authorized to administer a decedent's estate. See Wisconsin Statutes 990.01
- Trustee: A person or institution holding and administering property in trust.
(1) A bank, trust company, savings bank or institution, savings and loan association, credit union or investment company or a personal representative, guardian, trustee or other fiduciary may legally invest any moneys or funds belonging to or within that person‘s control in bonds issued by any of the following:
(a) A local exposition district under subch. II of ch. 229.
(b) The University of Wisconsin Hospitals and Clinics Authority.
(c) A local professional baseball park district created under subch. III of ch. 229.
(d) A local professional football stadium district created under subch. IV of ch. 229.
(f) Bonds issued by a local cultural arts district under subch. V of ch. 229.
(g) The Wisconsin Aerospace Authority.
(2) This section shall not be construed as relieving any person of any duty of exercising any required level of care in selecting securities.