LRB-1958/1
EVM&PJK:nwn:md
2009 - 2010 LEGISLATURE
May 18, 2009 - Introduced by Senators Hansen, Risser, Kedzie, Lehman, Schultz,
Taylor
and Cowles, cosponsored by Representatives Soletski, Zigmunt,
Berceau, Danou, Huebsch, Petrowski, Steinbrink, Strachota, Townsend,
Turner, Van Roy, Vos
and Vruwink. Referred to Committee on Ethics Reform
and Government Operations.
SB206,1,3 1An Act to repeal 59.43 (2m) (a) 6.; to amend 226.14 (1) (b) and 706.055; and to
2create
59.43 (1g), 59.43 (2m) (b) 7. and 706.25 (3) (d) of the statutes; relating
3to:
recording and filing documents with the register of deeds.
Analysis by the Legislative Reference Bureau
Under current law, the register of deeds may not record any document unless
it complies with certain formatting requirements. Among these is a requirement
that the bottom and side margins of the first page of a document to be recorded are
at least 0.25 inches.
This bill requires that the bottom and side margins of every page of the
document to be recorded are at least 0.25 inches. This bill also permits the register
of deeds to return without recording an entire group of related documents
representing one transaction when any single document within the group is
improperly formatted.
Current law requires a register of deeds to record conveyances of mineral
interests in a register of mineral rights. The bill requires that a register of deeds
record conveyances of mineral interests in the index in which the register of deeds
records real estate transactions.
Current law provides that a register of deeds may accept electronic documents
for recording. The bill provides that any electronic document that is properly indexed
in a public index maintained by the register of deeds shall be considered recorded
even if the electronic document does not satisfy all of the requirements set forth in
the statutes for recording. A similar provision applies under current law to paper
documents.

Under current law, a common law trust must meet certain requirements in
order to lawfully transact business in the state. Among these are requirements that
a declaration of trust be filed with the register of deeds and that a certificate be
provided to the Department of Financial Institutions (DFI) stating the time when the
declaration was filed. The register of deeds is required to charge 25 cents for
providing a certificate to DFI. Under this bill, the register of deeds must charge $1
for providing a certificate to DFI.
For further information see the local fiscal estimate, which will be printed as
an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB206, s. 1 1Section 1. 59.43 (1g) of the statutes is created to read:
SB206,2,72 59.43 (1g) Authority to reject entire group of related documents. If the
3register of deeds is presented with a group of related documents that has been
4identified by the person submitting the documents by any reasonable method as
5representing a single transaction and one or more documents within the group may
6not be recorded because of a failure to comply with any provision of sub. (2m), the
7register of deeds may return the entire group of documents unrecorded.
SB206, s. 2 8Section 2. 59.43 (2m) (a) 6. of the statutes is repealed.
SB206, s. 3 9Section 3. 59.43 (2m) (b) 7. of the statutes is created to read:
SB206,2,1110 59.43 (2m) (b) 7. The bottom and side margins of each page are at least 0.25
11inch.
SB206, s. 4 12Section 4. 226.14 (1) (b) of the statutes is amended to read:
SB206,3,913 226.14 (1) (b) A copy of the declaration of trust and amendments verified in the
14manner described in par. (a), and a certificate of the department of financial
15institutions, showing the date when the declaration was filed and accepted by the
16department of financial institutions shall, within 30 days of filing and acceptance by
17the department of financial institutions, be recorded with the register of deeds of the

1county in which the trust has its principal office or place of business in this state.
2No common law trust shall transact business in this state until the declaration of
3trust or verified copy of the declaration is left for record. The register of deeds shall
4immediately transmit to the department of financial institutions a certificate stating
5the time when the declaration or verified copy of the declaration was recorded. The
6register of deeds shall be entitled to a the fee of 25 cents specified under s. 59.43 (2)
7(b)
for the certificate, to be paid by the person presenting the papers for record. Upon
8receipt of the register of deed's certificate, the department of financial institutions
9shall issue to the trustees of the trust a certificate of filing.
SB206, s. 5 10Section 5. 706.055 of the statutes is amended to read:
SB206,3,13 11706.055 Register Conveyances of mineral rights. The register of deeds
12shall record all conveyances of mineral interests in a register of mineral rights the
13index maintained under s. 59.43 (9)
.
SB206, s. 6 14Section 6. 706.25 (3) (d) of the statutes is created to read:
SB206,3,1815 706.25 (3) (d) Every document that a register of deeds accepts for recordation
16under this subsection shall be considered recorded despite its failure to conform to
17one or more of the requirements of this section or s. 59.43 (2m), if the document is
18properly indexed in a public index maintained in the office of the register of deeds.
SB206,3,1919 (End)
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