Used for: Securities issued by a federal or state-chartered credit union
Filing requirement: Self-executing. No filing or Consent to Service of Process is necessary to claim this exemption.
Frequently asked questions:
Q: Did the National Securities Market Improvement Act (NSMIA) affect Wisconsin's ability to enforce this exemption?
A: No. NSMIA did not affect states' ability to regulate Credit Union-issued securities.
History: Predecessor statute Wis. Stat. s. 551.22(5) adopted on January 1, 1970. Repealed and recreated January 1, 2009.
Phone: (608) 266-2139