Wisconsin § 403.202 Negotiation subject to rescission.

Wisconsin Statutes

§ 403.202 — Negotiation subject to rescission.

Wisconsin § 403.202

Ch. 403Uniform commercial code — negotiable instruments

Subch.subch. II of ch. 403 SUBCHAPTER II

NEGOTIATION, TRANSFER AND ENDORSEMENT

This text of Wisconsin § 403.202 (Negotiation subject to rescission.) 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. § 403.202 (2026).

Text

202
202(1) (1) Negotiation is effective even if obtained in any of the following ways:
202(1)(a) (a) From an infant, a corporation exceeding its powers or a person without capacity.
202(1)(b) (b) By fraud, duress or mistake.
202(1)(c) (c) In breach of duty or as part of an illegal transaction.
202(2) (2) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

Free access — add to your briefcase to read the full text and ask questions with AI

403.202
403.202(1) (1) Negotiation is effective even if obtained in any of the following ways:
403.202(1)(a) (a) From an infant, a corporation exceeding its powers or a person without capacity.
403.202(1)(b) (b) By fraud, duress or mistake.
403.202(1)(c) (c) In breach of duty or as part of an illegal transaction.
403.202(2) (2) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.