Wis. Admin. Code Department of Safety and Professional Services SPS 125.035

Current through September 30, 2024
Section SPS 125.035 - Trust account required

An auctioneer or auction company shall maintain a trust account when the registrant receives and holds auction funds which are not disbursed to the owner or consignor under a written contract under s. 480.14, Stats., within 24 hours after the auction.

Wis. Admin. Code Department of Safety and Professional Services SPS 125.035

Cr. Register, July, 1999, No. 523, eff. 8-1-99.