Wisconsin § 136.10 - Bond.
Full text of Wisconsin Wisconsin Statutes § 136.10 — Bond., with citation guidance and answers to common questions.
§ 136.10. Bond.
136.10(1) (1) Every contractor shall maintain a bond issued by a surety company licensed to do business in this state. The principal sum of the bond shall at all times be $25,000, except that if a contractor enters into a contract described in s. 136.02 (7) , the principal sum of the bond shall be $250,000. 136.10(2) (2) The bond required by this section shall be in favor of the state for the benefit of any member who suffers loss of prepayments made pursuant to a contract due to insolvency of the contractor, the cessation of business by the plan, or the failure of a contractor to make a refund under a provision in a future service contract described in s. 136.02 (7) (e) . A copy of the bond shall be filed with the department. Any person claiming against the bond may maintain an action at law against the contractor and the surety. 136.10(3) (3) In addition to other means for the enforcement of the surety’s liability on the bond required by this section, the surety’s liability may be enforced by motion after a final judgment has been obtained against a contractor. The notice of motion, the motion, and a copy of the judgment shall be served on the surety as provided under s.
Frequently Asked Questions About Wisconsin § 136.10
What does Wisconsin Statutes § 136.10 cover?
Section 136.10 ("Bond.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 136.10?
A common citation format is "Wisconsin Statutes § 136.10" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 136.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.