Wisconsin § 177.0601 - Definition of good faith.
Full text of Wisconsin Wisconsin Statutes § 177.0601 — Definition of good faith., with citation guidance and answers to common questions.
§ 177.0601. Definition of good faith.
In this subchapter, payment or delivery of property is made in good faith if any of the following applies: 177.0601(1) (1) The holder had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter. 177.0601(2) (2) The holder made payment or delivery in response to a demand by the administrator or administrator’s agent or under guidance or a ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered. 177.0601 History History: 2021 a. 87 .
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 177.0601
What does Wisconsin Statutes § 177.0601 cover?
Section 177.0601 ("Definition of good faith.") 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 § 177.0601?
A common citation format is "Wisconsin Statutes § 177.0601" (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 § 177.0601 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.