Wisconsin § 183.0706 Court proceedings.

Wisconsin Statutes

§ 183.0706 — Court proceedings.

Wisconsin § 183.0706

Ch. 183Uniform limited liability company law

Subch.subch. VII of ch. 183 SUBCHAPTER VII

DISSOLUTION AND WINDING UP

This text of Wisconsin § 183.0706 (Court proceedings.) 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. § 183.0706 (2026).

Text

0706
0706(1) (1) A dissolved limited liability company that has published a notice under s. 183.0705 may file an application with the circuit court in the county where the company’s principal office is located or, if the principal office is not located in this state, where the office of its registered agent is or was last located, for a determination of the amount and form of security to be provided for payment of claims that are reasonably expected to arise after the date of dissolution based on facts known to the company which, at the time of application, are contingent or have not been made known to the company or which are based on an event occurring after the date of dissolution.
0706(2) (2) Security is not required for any claim that is or is reasonably anticipated to be 

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183.0706
183.0706(1) (1) A dissolved limited liability company that has published a notice under s. 183.0705 may file an application with the circuit court in the county where the company’s principal office is located or, if the principal office is not located in this state, where the office of its registered agent is or was last located, for a determination of the amount and form of security to be provided for payment of claims that are reasonably expected to arise after the date of dissolution based on facts known to the company which, at the time of application, are contingent or have not been made known to the company or which are based on an event occurring after the date of dissolution.
183.0706(2) (2) Security is not required for any claim that is or is reasonably anticipated to be barred under s. 183.0705 .
183.0706(3) (3) Not later than 10 days after the filing of an application under sub. (1) , the dissolved limited liability company shall give notice of the proceeding to each claimant holding a contingent claim known to the company.
183.0706(4) (4) In a proceeding under this section, the court may appoint a guardian ad litem to represent all claimants whose identities are unknown. The reasonable fees and expenses of the guardian, including all reasonable expert witness fees, must be paid by the dissolved limited liability company.
183.0706(5) (5) A dissolved limited liability company that provides security in the amount and form ordered by the court under sub. (1) satisfies the company’s obligations with respect to claims that are contingent, have not been made known to the company, or are based on an event occurring after the date of dissolution, and such claims may not be enforced against a member or transferee on account of assets received in liquidation.