Wisconsin § 178.0404 Liability for contribution.

Wisconsin Statutes

§ 178.0404 — Liability for contribution.

Wisconsin § 178.0404

Ch. 178Uniform partnership law

Subch.subch. IV of ch. 178 SUBCHAPTER IV

RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP

This text of Wisconsin § 178.0404 (Liability for contribution.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 178.0404 (2026).

Text

178.0404 178.0404(1) (1) A person’s obligation to make a contribution to a partnership is not excused by the person’s death, disability, termination, or other inability to perform personally. 178.0404(2) (2) If a person does not fulfill an obligation to make a contribution other than money, the person is obligated at the option of the partnership to contribute money equal to the value of the part of the contribution which has not been made. 178.0404(3) (3) The obligation of a person to make a contribution may be compromised only by the affirmative vote or consent of all the partners. If a creditor of a limited liability partnership extends credit or otherwise acts in reliance on an obligation described in sub.

(1)without knowledge or notice of a compromise under this subsection, the credi

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178.0404
178.0404(1) (1) A person’s obligation to make a contribution to a partnership is not excused by the person’s death, disability, termination, or other inability to perform personally.
178.0404(2) (2) If a person does not fulfill an obligation to make a contribution other than money, the person is obligated at the option of the partnership to contribute money equal to the value of the part of the contribution which has not been made.
178.0404(3) (3) The obligation of a person to make a contribution may be compromised only by the affirmative vote or consent of all the partners. If a creditor of a limited liability partnership extends credit or otherwise acts in reliance on an obligation described in sub. (1) without knowledge or notice of a compromise under this subsection, the creditor may enforce the obligation.