881.01 Uniform prudent investor act. (1) Definitions. In this section: (a) “Beneficiary” means any of the following: 1. With respect to a will, a beneficiary, as defined in s. 851.03. 2. With respect to a trust, a beneficiary, as defined in s. 701.0103 (3). 3. With respect to guardianship of the estate, a ward for […]
881.015 Investment companies, investment trusts and collective investment vehicles. (1) In this section: (a) “Collective investment vehicle” means an investment vehicle authorized for the collective investment of trust funds, including vehicles under 12 CFR 9. (b) “Investment company” means an open-end or closed-end management investment company registered under 15 USC 80a-1 to 80a-64. (c) “Investment […]
881.016 Employees and agents of a fiduciary. Unless prohibited by the terms of the instrument governing a fiduciary relationship, a fiduciary may employ attorneys, accountants, investment advisers, agents or other persons, even if they are associated with the fiduciary, to advise or assist the fiduciary in the performance of the fiduciary’s duties. The fiduciary may […]
881.02 Construction; court orders; written instruments. Nothing contained in this chapter shall be construed as authorizing any departure from, or variation of, the express terms or limitations set forth in any will, agreement, court order, or other instrument creating or defining the fiduciary’s duties and powers. History: 1971 c. 41 ss. 8, 12; Stats. 1971 […]
881.03 Jurisdiction of court. Nothing contained in this chapter shall be construed to affect the power or jurisdiction of any court of the state of Wisconsin in respect to trusts and trustees, nor as restricting the power of a court of proper jurisdiction to permit a fiduciary to deviate from the terms of any will, […]
881.04 Investments under prior laws not affected. Nothing contained in this chapter shall affect any investment made prior to the enactment hereof or any amendment hereof or affect any rights or interests established, accrued or created thereunder or affect any suit or action pending when this chapter or any amendment hereof becomes effective. History: 1971 […]
881.06 Law governing existing instruments. Subject to s. 881.01 (12), this chapter shall govern fiduciaries, including personal representatives, guardians of the estate, conservators, and trustees acting under wills, agreements, court orders, and other instruments now existing or hereafter made. History: 1971 c. 41 s. 8; Stats. 1971 s. 881.06; 1975 c. 200; 2003 a. 264.
