Wis. Admin. Code Department of Safety and Professional Services SPS 125.07

Current through October 28, 2024

Section SPS 125.07 - Trust account designation

An auctioneer or auction company shall:

(1) Include the words "trust account" in the name of the trust account maintained by the auctioneer or auction company.

(2) Imprint the name of the auctioneer or auction company on the trust account checks, share drafts or drafts.

(3) Designate the account with the name appearing on the auctioneer's or auction company's registration certificate or with a trade name submitted to the department under s. SPS 121.07.

Wis. Admin. Code Department of Safety and Professional Services SPS 125.07

Cr. Register, June, 1995, No. 474, eff. 7-1-95; correction in (3) made under s. 13.92(4) (b) 7, Stats., Register November 2011 No. 671.