Wisconsin Statutes 605.30 – Inadequacy of fund
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 605.30
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Property: includes real and personal property. See Wisconsin Statutes 990.01
If the property fund does not have sufficient assets to pay claims that are due, the secretary of administration shall transfer from the general fund to the property fund an amount sufficient to pay the losses and shall pay the losses. The property fund shall thereafter repay the general fund this amount and the secretary of administration shall transfer the amount as soon as there are assets in the property fund.