Wisconsin § 702.505 Third parties in good faith protected.

Wisconsin Statutes

§ 702.505 — Third parties in good faith protected.

Wisconsin § 702.505

Ch. 702Uniform powers of appointment act

Subch.subch. V of ch. 702 SUBCHAPTER V

RIGHTS OF POWERHOLDER’S CREDITORS IN APPOINTIVE PROPERTY

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Bluebook

Wis. Stat. § 702.505 (2026).

Text

702.505  Any person acting without actual notice of claims of creditors under this subchapter incurs no liability to those creditors for transferring property that is subject to a power of appointment or that has been appointed. A purchaser without actual notice and for a valuable consideration takes an interest in property, legal or equitable, and takes the interest free of any rights that a powerholder’s creditor may have under this subchapter.

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702.505 Any person acting without actual notice of claims of creditors under this subchapter incurs no liability to those creditors for transferring property that is subject to a power of appointment or that has been appointed. A purchaser without actual notice and for a valuable consideration takes an interest in property, legal or equitable, and takes the interest free of any rights that a powerholder’s creditor may have under this subchapter.