MONEYS HELD IN FIDUCIARY CAPACITY. An administrator shall hold in a fiduciary capacity all moneys that the administrator collects or receives on behalf of other persons. Within 2 business days after collection or receipt of such moneys, the administrator either shall pay the moneys to the persons entitled to them or shall deposit the moneys in a fiduciary account established and maintained by the administrator in a financial institution.
Appears in 6 contracts
Samples: docs.legis.wisconsin.gov, docs.legis.wisconsin.gov, docs.legis.wisconsin.gov
MONEYS HELD IN FIDUCIARY CAPACITY. An administrator shall hold in a fiduciary capacity all moneys that the administrator collects or receives on behalf of other persons. Within 2 business days after collection or receipt of such moneys, the administrator either shall pay the moneys to the persons entitled enti- tled to them or shall deposit the moneys in a fiduciary account established and maintained by the administrator in a financial institution.
Appears in 3 contracts
Samples: docs.legis.wisconsin.gov, docs.legis.wisconsin.gov, docs.legis.wisconsin.gov
