Such clerk shall receive the interest or principal of any sums as they become due and apply or reinvest the same according to the circumstances of the case, as the court directs, and shall, once every year, render to the court an account in writing and on oath of all moneys received by the clerk and of the application thereof.
842.29.Receipt and application of payments; account.
Ch. 842: Partition of Interest in Real Property · Last amended 1993 · Last verified July 15, 2026
In one sentenceSection 842.29 has the clerk collect interest and principal on invested partition shares as they come due, apply or reinvest the money as the court directs, and file a sworn, written account with the court once a year.
Full Text of Section 842.29
Plain-English Summary
Once security or an investment is held in the clerk’s name under the preceding section, section 842.29 sets the clerk’s ongoing duties over it. The clerk receives the interest or principal of any sums as they become due and applies or reinvests that money according to the circumstances of the case, as the court directs — the clerk does not decide the reinvestment strategy independently.
The clerk also has to answer for that money on a regular schedule. Once every year, the clerk must render to the court an account in writing and on oath of all moneys received and of how they were applied, keeping the court informed of the state of funds held under the clerk’s name.
Frequently Asked Questions
What is the clerk’s ongoing job regarding invested partition shares?
Receiving interest or principal as sums become due and applying or reinvesting them as the court directs.
How often must the clerk account to the court for this money?
Once every year.
What form must that yearly accounting take?
A written account, on oath, of all moneys received by the clerk and how they were applied.
Does the clerk decide independently how to reinvest the money?
No. Reinvestment follows the circumstances of the case, as the court directs.
Does this duty apply to the securities described in the section on how securities are taken?
Yes. It follows directly from the securities and investments held in the clerk’s name under section 842.28.
Amendment History
History: 1973 c. 189; Sup. Ct. Order, 67 Wis. 2d 585, 767 (1975); 1993 a. 486.
Source & verification. Section text and official notes are
reproduced verbatim from the Wisconsin Statutes, published by the
Wisconsin Legislature (Legislative Reference Bureau). Last verified July 15, 2026.
· Official source
Also known as: clerk’s yearly account of partition investments wisconsinreinvesting partition proceeds wisconsinclerk sworn account of partition fundssection 842.29 wisconsin clerk duties