Wis. Stat. § 702.505

Current through Acts 2023-2024, ch. 272
Section 702.505 - Third parties in good faith protected

Any person acting without actual notice of claims of creditors under this subchapter incurs no liability to those creditors for transferring property that is subject to a power of appointment or that has been appointed. A purchaser without actual notice and for a valuable consideration takes an interest in property, legal or equitable, and takes the interest free of any rights that a powerholder's creditor may have under this subchapter.

Wis. Stat. § 702.505

Added by Acts 2023 ch, 127,s 118, eff. 3/23/2024.