Section 15.04. Indemnity fund.

  Each organization engaged in fiduciary operations shall deposit with the state treasurer not less than 50% of the book value of the assets held by the organization in a fiduciary capacity but not more than $100,000 in cash, or securities eligible for trust investments under ch. 881 , Stats. , to be held in trust as security for the faithful execution of any fiduciary duties lawfully imposed upon and accepted by the organization.

History: Cr. Register, August, 1977, No. 260 , eff. 9-1-77.