There is a newer version of the Wisconsin Statutes & Annotations
2010 Wisconsin Code
Chapter 859. Probate--claims.
859.19 Secured claims.
859.19
859.19 Secured claims.859.19(1)
(1) When a creditor holds any security for a claim the security shall be described in the claim, and the judgment allowing the claim shall describe the security. The security is sufficiently described if the security document is described by date and by the recording or filing data.859.19(2)
(2) Payment of the claim shall be upon the basis of:859.19(2)(a)
(a) The full amount thereof if the creditor surrenders the security; or859.19(2)(b)
(b) If the creditor realizes on the security before receiving payment, then upon the full amount of the claim allowed less the fair value of the security.859.19 - ANNOT.
History: 1985 a. 332.859.19 - ANNOT.
Cross-reference: See s. 859.13, which deals with the form and verification of claims generally.859.19 - ANNOT.
Cross-reference: See s. 859.43, which deals with the payment of secured claims.859.19 - ANNOT.
Cross-reference: See s. 863.13, which deals with the exoneration of encumbered property.Disclaimer: These codes may not be the most recent version. Wisconsin may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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