2017 WISCONSIN ACT 162
An Act to amend 223.12 (3) of the statutes; relating to: foreign corporations conducting business as a fiduciary in this state.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
223.12 (3) of the statutes is amended to read:
223.12 (3) Restrictions on in-state presence. A foreign corporation acting under sub. (1) may not establish or maintain in this state a place of business or branch office for the conduct of business as a fiduciary unless it has been issued a certificate of authority under sub. (4), but may establish and maintain in this state one or more representative offices if those offices do not act in a fiduciary capacity.
(1) This act first applies to certificates of authority initially issued after December 31, 2003.