Judicially Approved Reorganizations

​​​​Statute: Wis. Stat. s. 551.202(22)(b)

Used for: Transactions incident to a judicially approved reorganization in which a security is issued in exchange for one or more outstanding securities, claims, or property interests

Filing requirement: Self-executing. No filing or Consent to Service of Process is necessary to claim this exemption.

Frequently asked questions:

Q: May a non-corporate entity claim this exemption?

A: Yes. The exemption language does not limit the type of business organization of the issuer seeking to claim the exemption.

History: Predecessor statute Wis. Stat. s. 551.23(13) adopted January 1, 1970. Renumbered effective January 1, 2009.

Conta​​ct Us

Phone: (608) 266-2139

Email: DFISecurities@dfi.wisconsin.gov