Wis. Admin. Code Department of Financial Institutions DFI-CCS 3.06

Current through November 25, 2024
Section DFI-CCS 3.06 - Trusts

If the trust is named in its organic document, its full legal name, as set forth in the document, shall be used. The trust shall be treated as an organization. If the trust is not so named, the name of the settlor shall be used. If a settlor is indicated to be an organization, the name shall be treated as an organization name. If the settlor is an individual, the name shall be treated as an individual name. A UCC document that uses a settlor's name shall include other information provided by the filer to distinguish the debtor trust from other trusts having the same settlor, and all financing statements filed against trusts or trustees acting with respect to property held in trust shall indicate the nature of the debtor. If this is done in, or as part of, the name of the debtor, it shall be entered as if it were a part of the name under ss. DFI-CCS4.08 and 4.09.

Wis. Admin. Code Department of Financial Institutions DFI-CCS 3.06

CR 01-122: CR Register February 2002 No. 554, eff. 3-1-02.