reglab/housing_qa huggingface dataset:
WI Stat § 178.0504 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0504 - Charging order.

178.0504  Charging order. (1) On application by a judgment creditor of a partner or transferee, a court may enter a charging order against the transferable interest of the judgment debtor for the unsatisfied amount of the judgment. A charging order constitutes a lien on a judgment debtor's transferable interest and requires the partnership to pay over to the person to which the charging order was issued any distribution that otherwise would be paid to the judgment debtor. (2) To the extent necessary to effectuate the collection of distributions pursuant to a charging order in effect under sub. (1), the court may do any of the following:(a) Appoint a receiver of the distributions subject to the charging order, with the power to make all inquiries the judgment debtor might have made.(b) Make all other orders necessary to give effect to the charging order. (3) Upon a showing that distributions under a charging order will not pay the judgment debt within a reasonable time, the court may foreclose the lien and order the sale of the transferable interest. The purchaser at the foreclosure sale obtains only the transferable interest, does not thereby become a partner, and is subject to s. 178.0503. (4) At any time before foreclosure under sub. (3), the partner or transferee whose transferable interest is subject to a charging order under sub. (1) may extinguish the charging order by satisfying the judgment and filing a certified copy of the satisfaction with the court that issued the charging order. (5) At any time before foreclosure under sub. (3), a partnership or one or more partners whose transferable interests are not subject to the charging order may pay to the judgment creditor the full amount due under the judgment and thereby succeed to the rights of the judgment creditor, including the charging order. (6) This chapter does not deprive any partner or transferee of the benefit of any exemption law applicable to the transferable interest of the partner or transferee. (7) This section provides the exclusive remedy by which a person seeking, in the capacity of a judgment creditor, to enforce a judgment against a partner or transferee may satisfy the judgment from the judgment debtor's transferable interest.History:  2015 a. 295.
WI Stat § 178.0505 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0505 - Power of legal representative of deceased partner.

178.0505  Power of legal representative of deceased partner. If a partner dies, the deceased partner's legal representative may exercise any of the following: (1) The rights of a transferee provided in s. 178.0503 (3). (2) For purposes of settling the estate, the rights the deceased partner had under s. 178.0408.History:  2015 a. 295.
WI Stat § 178.0602 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0602 - Power to dissociate as partner; wrongful dissociation.

178.0602  Power to dissociate as partner; wrongful dissociation. (1) A person has the power to dissociate as a partner at any time, rightfully or wrongfully, by withdrawing as a partner by express will under s. 178.0601 (1). (2) A person's dissociation as a partner is wrongful only if any of the following applies:(a) The dissociation is in breach of an express provision of the partnership agreement.(b) In the case of a partnership for a definite term or particular undertaking, the dissociation occurs before the expiration of the term or the completion of the undertaking and any of the following applies:1. The person withdraws as a partner by express will, unless the withdrawal follows not later than 90 days after another person's dissociation by death or otherwise under s. 178.0601 (6) to (10) or wrongful dissociation under this subsection.2. The person is expelled as a partner by judicial order under s. 178.0601 (5).3. The person is dissociated under s. 178.0601 (6).4. In the case of a person that is not a trust other than a business trust, an estate, or an individual, the person is expelled or otherwise dissociated because it willfully dissolved or terminated. (3) A person that wrongfully dissociates as a partner is liable to the partnership and to the other partners for damages caused by the dissociation. The liability is in addition to any debt, obligation, or other liability of the partner to the partnership or the other partners.History:  2015 a. 295.
WI Stat § 178.0603 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0603 - Effect of dissociation.

178.0603  Effect of dissociation. (1) If a person's dissociation results in a dissolution and winding up of the partnership business, subch. VIII applies; otherwise, subch. VII applies. (2) If a person is dissociated as a partner, all of the following apply:(a) The person's right to participate in the management and conduct of the partnership's business terminates, except as otherwise provided in s. 178.0802 (3).(b) The person's duties and obligations under s. 178.0409 end with regard to matters arising and events occurring after the person's dissociation, except to the extent the partner participates in winding up the partnership's business pursuant to s. 178.0802. (3) A person's dissociation does not of itself discharge the person from any debt, obligation, or other liability to the partnership or the other partners which the person incurred while a partner.History:  2015 a. 295.
WI Stat § 178.0702 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0702 - Power to bind and liability of person dissociated as partner.

178.0702  Power to bind and liability of person dissociated as partner. (1) After a person is dissociated as a partner without the dissociation resulting in a dissolution and winding up of the partnership business and before the partnership is merged out of existence or converted under subch. XI, or dissolved, the partnership is bound by an act of the person with respect to a transaction with another party only if all of the following apply:(a) The act would have bound the partnership under s. 178.0301 before dissociation.(b) At the time the other party enters into the transaction, less than 2 years has passed since the dissociation.(c) At the time the other party enters into the transaction, the other party does not know or have notice of the dissociation and reasonably believes that the person is a partner. (2) If a partnership is bound under sub. (1), the person dissociated as a partner which caused the partnership to be bound is liable to all of the following:(a) The partnership, for any damage caused to the partnership arising from the obligation incurred under sub. (1).(b) If a partner or another person dissociated as a partner is liable for the obligation, the partner or other person, for any damage caused to the partner or other person arising from the liability.History:  2015 a. 295.
WI Stat § 178.0703 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0703 - Liability of person dissociated as partner to other persons.

178.0703  Liability of person dissociated as partner to other persons. (1) Except as otherwise provided in sub. (2) or s. 178.0308 (1), a person dissociated as a partner is not liable for a partnership obligation incurred after dissociation. (2) A person that is dissociated as a partner is liable to a party on a transaction entered into by the partnership after the dissociation only if all of the following apply:(a) The person would have been liable on the transaction had the person not been dissociated.(b) At the time the other party enters into the transaction, less than 2 years has passed since the dissociation.(c) At the time the other party enters into the transaction, the other party does not have knowledge or notice of the dissociation and reasonably believes that the person is a partner. (3) By agreement with a creditor of a partnership and the partnership, a person dissociated as a partner may be released from liability for a debt, obligation, or other liability of the partnership. (4) A person dissociated as a partner is released from liability for a debt, obligation, or other liability of the partnership if the partnership's creditor, with knowledge or notice of the person's dissociation but without the person's consent, agrees to a material alteration in the nature or time of payment of the debt, obligation, or other liability.History:  2015 a. 295.Notwithstanding an agreement between the partners, both partners were liable for a prior partnership obligation since there was no agreement under s. 178.31 (2), 1975 stats. Fox Valley Builders Corp. v. Day, 71 Wis. 2d 785, 238 N.W.2d 748 (1976).
WI Stat § 178.0704 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0704 - Statement of dissociation.

178.0704  Statement of dissociation. (1) A person dissociated as a partner or the partnership may deliver to the department for filing a statement of dissociation stating the name of the partnership and that the person has dissociated from the partnership. (2) A statement of dissociation is a limitation on the authority of a person dissociated as a partner for the purposes of s. 178.0303.History:  2015 a. 295.
WI Stat § 178.0705 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0705 - Continued use of partnership name.

178.0705  Continued use of partnership name. Continued use of a partnership name, or the name of a person dissociated as a partner as part of the partnership name, by partners continuing the business does not of itself make the person dissociated as a partner liable for an obligation of the partners or the partnership continuing the business.History:  2015 a. 295.
WI Stat § 178.0801 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0801 - Events causing dissolution.

178.0801  Events causing dissolution. A partnership is dissolved, and its business must be wound up, upon the occurrence of any of the following: (1) In a partnership at will, any of the following:(a) The partnership knows or has notice of a person's express will to withdraw as a partner, other than a partner that has dissociated under s. 178.0601 (2) to (10), but, if the person has specified a withdrawal date later than the date the partnership knew or had notice, on the later date.(b) The affirmative vote or consent of all the partners to wind up the partnership business. (2) In a partnership for a definite term or particular undertaking, any of the following:(a) Within 90 days after a person's dissociation by death or otherwise under s. 178.0601 (6) to (10) or wrongful dissociation under s. 178.0602 (2), the affirmative vote or consent of at least half of the remaining partners to wind up the partnership business, for which purpose a person's rightful dissociation pursuant to s. 178.0602 (2) (b) 1. constitutes that partner's consent to wind up the partnership business.(b) The affirmative vote or consent of all the partners to wind up the partnership business.(c) The expiration of the term or the completion of the undertaking. (3) An event or circumstance that the partnership agreement states causes dissolution. (4) On application by a partner, the entry by the circuit court of an order dissolving the partnership on any of the following grounds:(a) That the conduct of all or substantially all the partnership's business is unlawful.(b) That the economic purpose of the partnership is likely to be unreasonably frustrated.(c) That another partner has engaged in conduct relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner.(d) That it is otherwise not reasonably practicable to carry on the partnership business in conformity with the partnership agreement. (5) On application by a transferee, the entry by the circuit court of an order dissolving the partnership on the ground that it is equitable to wind up the partnership business under any of the following circumstances:(a) After the expiration of the term or completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer.(b) At any time, if the partnership was a partnership at will at the time of the transfer or entry of the charging order that gave rise to the transfer. (6) The passage of 90 consecutive days during which the partnership does not have at least 2 partners.History:  2015 a. 295.
WI Stat § 178.0802 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0802 - Winding up.

178.0802  Winding up. (1) A dissolved partnership shall wind up its business and, except as otherwise provided in s. 178.0803, the partnership continues after dissolution only for the purpose of winding up. (2) (a) In winding up its business, the partnership shall discharge the partnership's debts, obligations, and other liabilities, settle and close the partnership's business, and marshal and distribute the assets of the partnership.(b) In winding up its business, the partnership may do any of the following:1. Deliver to the department for filing a statement of dissolution stating the name of the partnership and that the partnership is dissolved.2. Preserve the partnership business and property as a going concern for a reasonable time.3. Prosecute and defend actions and proceedings, whether civil, criminal, or administrative.4. Transfer the partnership's property.5. Settle disputes by mediation or arbitration.6. Deliver to the department for filing a statement of termination stating the name of the partnership and that the partnership is terminated.7. Perform other acts necessary or appropriate to the winding up. (3) A person whose dissociation as a partner resulted in dissolution may participate in winding up as if still a partner, unless the dissociation was wrongful. (4) If a dissolved partnership does not have a partner and no person has the right to participate in winding up under sub. (3), the personal or legal representative of the last person to have been a partner may wind up the partnership's business. If no person has or exercises the right to participate in winding up, a person to wind up the partnership's business may be appointed by the affirmative vote or consent of transferees owning a majority of the rights to receive distributions at the time the consent is to be effective. A person appointed under this subsection has the powers of a partner under s. 178.0804 but is not liable for the debts, obligations, and other liabilities of the partnership solely by reason of having or exercising those powers or otherwise acting to wind up the partnership's business. (5) On the application of any partner or person entitled under sub. (3) to participate in winding up, the circuit court may order judicial supervision of the winding up of a dissolved partnership, including the appointment of a person to wind up the partnership's business, if any of the following applies:(a) The partnership does not have a partner and within a reasonable time following the dissolution no person has been appointed under sub. (4).(b) The applicant establishes other good cause.History:  2015 a. 295.
WI Stat § 178.0803 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0803 - Rescinding dissolution.

178.0803  Rescinding dissolution. (1) A partnership may rescind its dissolution, unless a statement of termination applicable to the partnership has become effective or the circuit court has entered an order under s. 178.0801 (4) or (5) dissolving the partnership. (2) Rescinding dissolution under this section requires all of the following:(a) The affirmative vote or consent of each partner.(b) If the partnership has delivered to the department for filing a statement of dissolution, delivery to the department for filing of one of the following additional statements:1. If the statement of dissolution has not become effective, a statement of withdrawal under s. 178.0115 applicable to the statement of dissolution.2. If the statement of dissolution has become effective, a statement of rescission stating the name of the partnership and that dissolution has been rescinded under this section. (3) If a partnership rescinds its dissolution, all of the following apply:(a) The partnership resumes carrying on its business as if dissolution had never occurred.(b) Subject to par. (c), any liability incurred by the partnership after the dissolution and before the rescission has become effective is determined as if dissolution had never occurred.(c) The rights of a third party arising out of conduct in reliance on the dissolution before the third party knew or had notice of the rescission may not be adversely affected.History:  2015 a. 295.
WI Stat § 178.0804 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0804 - Power to bind partnership after dissolution.

178.0804  Power to bind partnership after dissolution. (1) A partnership is bound by a partner's act with respect to a transaction with another person after dissolution if any of the following applies:(a) The act is appropriate for winding up the partnership business, unless the partner did not have authority to act for the partnership in the particular matter and the person with which the partner was dealing knew or had notice that the partner lacked authority.(b) The act would have bound the partnership under s. 178.0301 before dissolution if, at the time the other party enters into the transaction, the other party does not know or have notice of the dissolution. (2) A person dissociated as a partner binds a partnership with respect to a transaction with another party through an act occurring after dissolution if all of the following apply:(a) At the time the other party enters into the transaction, less than 2 years has passed since the dissociation.(b) At the time the other party enters into the transaction, the other party does not know or have notice of the dissociation and reasonably believes that the person is a partner.(c) The act is appropriate for winding up the partnership's business or the act would have bound the partnership under s. 178.0301 before dissolution and at the time the other party enters into the transaction the other party does not know or have notice of the dissolution.History:  2015 a. 295.
WI Stat § 178.0805 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0805 - Liability after dissolution of partner and person dissociated as partner.

178.0805  Liability after dissolution of partner and person dissociated as partner. (1) If a partner having knowledge of the dissolution causes a partnership to incur an obligation under s. 178.0804 (1) by an act that is not appropriate for winding up the partnership business, the partner is liable to all of the following:(a) The partnership, for any damage caused to the partnership arising from the obligation.(b) If another partner or person dissociated as a partner is liable for the obligation, that other partner or person, for any damage caused to that other partner or person arising from the liability. (2) Except as otherwise provided in sub. (3), if a person dissociated as a partner causes a partnership to incur an obligation under s. 178.0804 (2), the person is liable to all of the following:(a) The partnership, for any damage caused to the partnership arising from the obligation.(b) If a partner or another person dissociated as a partner is liable for the obligation, the partner or other person, for any damage caused to the partner or other person arising from the liability. (3) A person dissociated as a partner is not liable under sub. (2) if all of the following apply:(a) Section 178.0802 (3) permits the person to participate in winding up.(b) The act that causes the partnership to be bound under s. 178.0804 (2) is appropriate for winding up the partnership's business.History:  2015 a. 295.
WI Stat § 178.0806 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 178 - Uniform partnership law.|178.0806 - Disposition of assets in winding up; when contributions required.

178.0806  Disposition of assets in winding up; when contributions required. (1) In winding up its business, a partnership shall apply its assets, including the contributions required by this section, to discharge the partnership's obligations to creditors, including partners that are creditors. (2) After a partnership complies with sub. (1), any surplus must be distributed in the following order, subject to any charging order in effect under s. 178.0504:(a) To each person owning a transferable interest that reflects contributions made and not previously returned, an amount equal to the value of the unreturned contributions.(b) Among persons owning transferable interests, in proportion to their respective rights to share in distributions immediately before the dissolution of the partnership. (3) If a partnership's assets are insufficient to satisfy all its obligations under sub. (1), with respect to each unsatisfied obligation incurred when the partnership was not a limited liability partnership, the following rules apply:(a) Each person that was a partner when the obligation was incurred and that has not been released from the obligation under s. 178.0703 (3) or (4) shall contribute to the partnership for the purpose of enabling the partnership to satisfy the obligation. The contribution due from each of those persons is in proportion to the right to receive distributions in the capacity of a partner in effect for each of those persons when the obligation was incurred.(b) If a person does not contribute the full amount required under par. (a) with respect to an unsatisfied obligation of the partnership, the other persons required to contribute by par. (a) on account of the obligation shall contribute the additional amount necessary to discharge the obligation. The additional contribution due from each of those other persons is in proportion to the right to receive distributions in the capacity of a partner in effect for each of those other persons when the obligation was incurred.(c) If a person does not make the additional contribution required by par. (b), further additional contributions are determined and due in the same manner as provided in that paragraph. (4) A person that makes an additional contribution under sub. (3) (b) or (c) may recover from any person whose failure to contribute under sub. (3) (a) or (b) necessitated the additional contribution. A person may not recover under this subsection more than the amount additionally contributed. A person's liability under this subsection may not exceed the amount the person failed to contribute. (5) If a partnership does not have sufficient surplus to comply with sub. (2) (a), any surplus must be distributed among the owners of transferable interests in proportion to the value of the respective unreturned contributions. (7) All distributions made under sub. (2) must be paid in money.History:  2015 a. 295.