Wisconsin § 403.309 Enforcement of lost, destroyed or stolen instrument.

Wisconsin Statutes

§ 403.309 — Enforcement of lost, destroyed or stolen instrument.

Wisconsin § 403.309

Ch. 403Uniform commercial code — negotiable instruments

Subch.subch. III of ch. 403 SUBCHAPTER III

ENFORCEMENT OF INSTRUMENTS

This text of Wisconsin § 403.309 (Enforcement of lost, destroyed or stolen instrument.) 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. § 403.309 (2026).

Text

403.309 403.309(1) (1) A person not in possession of an instrument is entitled to enforce the instrument if all of the following apply: 403.309(1)(a) (a) The person was in possession of the instrument and entitled to enforce it when loss of possession occurred. 403.309(1)(b) (b) The loss of possession was not the result of a transfer by the person or a lawful seizure. 403.309(1)(c) (c) The person cannot reasonably obtain possession of the instrument because the instrument was destroyed, its whereabouts cannot be determined or it is in the wrongful possession of an unknown person or a person that cannot be found or is not amenable to service of process. 403.309(2) (2) A person seeking enforcement of an instrument under sub.

(1)shall prove the terms of the instrument and the person’s right

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403.309
403.309(1) (1) A person not in possession of an instrument is entitled to enforce the instrument if all of the following apply:
403.309(1)(a) (a) The person was in possession of the instrument and entitled to enforce it when loss of possession occurred.
403.309(1)(b) (b) The loss of possession was not the result of a transfer by the person or a lawful seizure.
403.309(1)(c) (c) The person cannot reasonably obtain possession of the instrument because the instrument was destroyed, its whereabouts cannot be determined or it is in the wrongful possession of an unknown person or a person that cannot be found or is not amenable to service of process.
403.309(2) (2) A person seeking enforcement of an instrument under sub. (1) shall prove the terms of the instrument and the person’s right to enforce the instrument. If that proof is made, s. 403.308 applies to the case as if the person seeking enforcement had produced the instrument. The court may not enter judgment in favor of the person seeking enforcement unless it finds that the person required to pay the instrument is adequately protected against loss that might occur by reason of a claim by another person to enforce the instrument. Adequate protection may be provided by any reasonable means.