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.
Contact Us
Phone: (608) 266-2139
Email: DFISecurities@dfi.wisconsin.gov