This text of Wisconsin § 701.0306 (Designated representative.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
701.0306
701.0306(1) (1) If specifically nominated in the trust instrument, one or more persons may be designated to represent and bind a beneficiary and receive any notice, information, accounting, or report. The trust instrument may also authorize any one or more persons to designate one or more persons to represent and bind a beneficiary and receive any notice, information, accounting, or report.
701.0306(2) (2) Except as otherwise provided in this chapter, a person designated in sub.
(1)may not represent and bind a beneficiary while that person is serving as trustee.
701.0306(3) (3) Except as otherwise provided in this chapter, a person designated in sub.
(1)may not represent and bind another beneficiary if the person designated also is a beneficiary, unless one of the following appl
Free access — add to your briefcase to read the full text and ask questions with AI
701.0306
701.0306(1) (1) If specifically nominated in the trust instrument, one or more persons may be designated to represent and bind a beneficiary and receive any notice, information, accounting, or report. The trust instrument may also authorize any one or more persons to designate one or more persons to represent and bind a beneficiary and receive any notice, information, accounting, or report.
701.0306(2) (2) Except as otherwise provided in this chapter, a person designated in sub. (1) may not represent and bind a beneficiary while that person is serving as trustee.
701.0306(3) (3) Except as otherwise provided in this chapter, a person designated in sub. (1) may not represent and bind another beneficiary if the person designated also is a beneficiary, unless one of the following applies:
701.0306(3)(a) (a) That person was named by the settlor.
701.0306(3)(b) (b) That person is one of the following:
701.0306(3)(b)1. 1. The beneficiary’s spouse.
701.0306(3)(b)2. 2. A grandparent or descendant of a grandparent of the beneficiary.
701.0306(3)(b)3. 3. A grandparent or descendant of a grandparent of the beneficiary’s spouse.