Wis. Admin. Code Department of Financial Institutions DFI-SB 17.11 - Custody of investments
(1) SEGREGATION OF TRUST ASSETS AND JOINT
CUSTODY. The investments of each account shall be kept separate from the assets
of the savings bank, and shall be placed in the joint custody or control of not
fewer than 2 of the officers or employees of the savings bank designated for
that purpose either by the board of directors of the savings bank or by one or
more officers designated by the board of directors of the savings bank, and all
such officers and employees shall be adequately bonded. To the extent permitted
by law, a savings bank may permit the investments of a fiduciary account to be
deposited elsewhere.
(2)
SEGREGATION OF ACCOUNTS. The investments of each account shall be either:
(a) Kept separate from those of all other
accounts, except as provided in s.
DFI-SB
17.13; or
(b) Adequately identified as the property of
the relevant account.
Notes
This section parallels 12 CFR 550.11 and s. DFI-SL 17.11.
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