Section 157.05. Application for certificate of title for trust.

Latest version.

(1) An application for a certificate of title for a vehicle being transferred to or from a trust shall be made on forms specified by the department, shall include all information required by s. 342.06 (1) , Stats., and shall include a trustee's application for certificate of title.

(2) A trustee's application for certificate of title shall contain the following information:

(a) A description of the vehicle including the vehicle identification number, year, make, model body style, vehicle type and gross weight.

(b) The name of the trust.

(c) The trust's federal tax identification number, if any.

(d) The name of the settlor of the trust.

(e) An indication of whether the trust was created by letters of trust, a will, or some other device.

(f) The date the trust was created.

(g) The names and addresses of all trustees, and a designation of one trustee as the principal trustee.

(h) An affirmation that:

1. The trust is valid and in existence.

2. The trustee signing the form is a duly appointed trustee of the trust.

3. The trustee has authority to buy, sell and register motor vehicles which are the property of the trust.

4. The trustee's actions with respect to the transactions are for the benefit of the beneficiaries of the trust.

5. The trustee understands the penalties for providing false information on an application for certificate of title.

History: Cr. Register, April, 1994, No. 460 , eff. 5-1-94; am. (1) and (2) (intro.), r. (2) (i), Register, December, 1998, No. 516 , eff. 1-1-99.

Note

Forms MV1, Application for Title/Registration, MV2493, Odometer Disclosure Statement, and MV2790, Trustee's Application for Certificate of Title, can be ordered from DOT Materials Management, 3617 Pierstorff, Madison, WI 53704 or (608) 246-3262 or obtained at a motor vehicle services center. In cases involving the sale of titled vehicles, the Odometer Disclosure Statement on the reverse side of the certificate of title should be used. Microsoft Windows NT 6.1.7601 Service Pack 1

                    
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