Title 223 · WI 223
Untitled section
Citation: Wis. Stat. § 223.05
Section: 223.05
223.05
â
Trust funds.
223.05(1)
(1)
â
Accounts, how kept.
223.05(1)(a)
(a)
Every trust company bank shall keep its trust accounts in books separate from its own general books of account. All funds and property held by a trust company bank in a trust capacity shall, at all times, be kept separate from the funds and property of the trust company bank, and all deposits by it of funds held in a trust capacity in any banking institution shall be deposited as trust funds to its credit as trustee. Trust funds may be deposited with funds belonging to other trusts in one account in any banking institution to the credit of the trust company bank as trustee.
223.05(1)(b)
(b)
Every security in which trust funds or property are invested shall immediately upon the receipt of the security by the bank, be transferred to the bank in its fiduciary capacity for the particular trust or fund by name and entered in the proper records as belonging to the particular trust whose funds have been invested in the security. Any change in the investment of trust funds or property shall be fully specified in the account of the particular trust to which it belongs, so that all trust funds and property shall be readily identified at any time by any person.
223.05(2)
(2)
â
Registration of securities held in name of nominee.
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Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations statutes/223 statutes/223 section true
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2023-24 Wisconsin Statutes updated
through 2025 Wis. Act 103 and through all Supreme Court Orders and Controlled Substances Board Orders filed before and in effect on April 3, 2026.
Published and certified under s. 35.18. Changes effective after April 3, 2026, are designated by NOTES.
(Published 4-3-26)