178.49 Effective date and time of document.

178.49

178.49 Effective date and time of document.

178.49(1)

(1)

178.49(1)(a)

(a) Except as provided in sub. (2), a document filed under this chapter is effective on the date that it is received by the department for filing and at any of the following times on that date:

178.49(1)(a)1.

1. The time of day specified in the document as its effective time.

178.49(1)(a)2.

2. If no effective time is specified, at the close of business.

178.49(1)(b)

(b) The date that a document is received by the department is determined by the department's endorsement on the original document.

178.49(2)

(2) A document may specify a delayed effective date and time, except that the effective date may not be more than 90 days after the date that it is received for filing. If a document specifies a delayed effective date and time in accordance with this subsection, the document is effective at the date and time specified. If a delayed effective date but no time is specified, the document is effective at the close of business on that date.

178.49 - ANNOT.

History: 1995 a. 97.