Wisconsin § 702.505 - Third parties in good faith protected.
Full text of Wisconsin Wisconsin Statutes § 702.505 — Third parties in good faith protected., with citation guidance and answers to common questions.
§ 702.505. Third parties in good faith protected.
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. 702.505 History History: 2023 a. 127 . subch. VI of ch. 702 SUBCHAPTER VI MISCELLANEOUS PROVISIONS
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 702.505
What does Wisconsin Statutes § 702.505 cover?
Section 702.505 ("Third parties in good faith protected.") 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 § 702.505?
A common citation format is "Wisconsin Statutes § 702.505" (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 § 702.505 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.