2013 Wisconsin Statutes & Annotations
701. Trusts.
701.0102 Scope.
701.0102 Scope. This chapter applies to express, charitable or noncharitable, and testamentary or living trusts, and any trust created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This chapter does not apply to any of the following:
(1) A constructive or resulting trust.
(2) A guardianship.
(3) A conservatorship.
(4) A custodial arrangement made pursuant to the Uniform Transfers to Minors Act under ss. 54.854 to 54.898 or the Uniform Custodial Trust Act under ss. 54.950 to 54.988.
(5) A common trust or a collective investment fund.
(6) A trust created by a depository agreement with a financial institution.
(7) A trust made in connection with a business transaction, including a trust created under a bond indenture or collateral trust agreement or in connection with a structured finance transaction, a common law trust under s. 226.14, or a business trust.
(8) A voting trust.
(9) A fund maintained pursuant to court order in conjunction with a bankruptcy proceeding, business liquidation, or class action lawsuit.
(10) A trust that is part of an employee benefit arrangement or an individual retirement account.
(11) A trust established under a qualified tuition savings program or education savings account.
(12) A trust account maintained on behalf of a client or customer by a licensed service professional, including a trust account maintained by an attorney or by a real estate broker.
(13) Any other arrangement under which a person is a nominee or escrowee for another.
History: 2013 a. 92.
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