Wisconsin Statutes 610.23 – Power to hold property in other than own name
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An insurer shall hold all investments and deposits of its funds in its own name except that:
Terms Used In Wisconsin Statutes 610.23
- Acquire: when used in connection with a grant of power to any person, includes the acquisition by purchase, grant, gift or bequest. See Wisconsin Statutes 990.01
(1) Custodial or trust arrangements. Securities kept under a custodial agreement or trust arrangement with a bank or banking and trust company may be issued in the name of a nominee of the bank or banking and trust company; and
(2) Bearer securities. Any insurer may acquire and hold securities in bearer form.