2010 Wisconsin Code
Chapter 551. Wisconsin uniform securities law.
551.703 Application of act to existing proceeding and existing rights and duties.

551.703

551.703 Application of act to existing proceeding and existing rights and duties.

551.703(1)

(1) Applicability of predecessor act to pending proceedings and existing rights. The predecessor act exclusively governs all actions or proceedings that are pending on January 1, 2009, or may be instituted on the basis of conduct occurring before January 1, 2009, but a civil action may not be maintained to enforce any liability under the predecessor act unless instituted within any period of limitation that applied when the cause of action accrued or within 5 years after January 1, 2009, whichever is earlier.

551.703(2)

(2) Continued effectiveness under predecessor act. All effective registrations under the predecessor act, and all administrative orders relating to the registrations, rules, statements of policy, interpretative opinions, declaratory rulings, no action determinations, and conditions imposed on the registrations under the predecessor act, remain in effect while they would have remained in effect if this chapter had not been reenacted. They are considered to have been filed, issued, or imposed under this chapter, but are exclusively governed by the predecessor act.

551.703(3)

(3) Applicability of predecessor act to offers or sales. The predecessor act exclusively applies to an offer or sale made within one year after January 1, 2009, pursuant to an offering made in good faith before January 1, 2009, on the basis of an exemption available under the predecessor act.

551.703 - ANNOT.

History: 2007 a. 196. CONVERSION TABLE FOR CHAPTER 551

2005 Stats. Section Number
2007 Stats. Section Number
551.01
551.101
551.02
551.102
551.21
551.301
551.22
551.201
551.23
551.202
551.24
none
551.25
551.303
551.26
551.304
551.27
551.305
551.28
551.306
551.29
551.302
551.31
551.401, 551.402, 551.403, 551.404, 551.405
551.32
551.406
551.33
551.411
551.34
551.412
551.41
551.501
551.42
none
551.43
none
551.44
none
551.51
551.601
551.52
551.614
551.53
none
551.54
551.505
551.55
551.506
551.56
551.602
551.57
none
551.58
551.508
551.59
551.509
551.60
none
551.605
551.601, 551.604
551.61
551.604, 551.609
551.62
none
551.63
551.605
551.64
551.606
551.65
551.611
551.66
551.613
551.67
551.615