Wisconsin § 409.618 Rights and duties of certain secondary obligors.

Wisconsin Statutes

§ 409.618 — Rights and duties of certain secondary obligors.

Wisconsin § 409.618

Ch. 409Uniform commercial code — secured transactions

Subch.subch. VI of ch. 409 SUBCHAPTER VI

DEFAULT

This text of Wisconsin § 409.618 (Rights and duties of certain secondary obligors.) 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. § 409.618 (2026).

Text

409.618 409.618(1) (1) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: 409.618(1)(a) (a) Receives an assignment of a secured obligation from the secured party; 409.618(1)(b) (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or 409.618(1)(c) (c) Is subrogated to the rights of a secured party with respect to collateral. 409.618(2) (2) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in sub.

(1): 409.618(2)(a) (a) Is not a disposition of collateral under s. 409.610 ; and 409.618(2)(b) (b) Relieves the secured party of further duties u

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409.618
409.618(1) (1) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:
409.618(1)(a) (a) Receives an assignment of a secured obligation from the secured party;
409.618(1)(b) (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or
409.618(1)(c) (c) Is subrogated to the rights of a secured party with respect to collateral.
409.618(2) (2) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in sub. (1) :
409.618(2)(a) (a) Is not a disposition of collateral under s. 409.610 ; and
409.618(2)(b) (b) Relieves the secured party of further duties under this chapter.