2011 Wisconsin Code
Chapter 178. Uniform partnership act.
178.01 Citation; definition of terms; knowledge and notice.

178.01

178.01 Citation; definition of terms; knowledge and notice.

178.01(1)

(1) This chapter may be cited as the "Uniform Partnership Act".

178.01(2)

(2) In this chapter:

178.01(2)(a)

(a) "Bankrupt" includes bankrupt under the federal bankruptcy act or insolvent under any state insolvent act.

178.01(2)(b)

(b) "Business" includes every trade, occupation or profession.

178.01(2)(c)

(c) "Conveyance" includes every assignment, lease, mortgage or encumbrance.

178.01(2)(d)

(d) "Court" includes every court and judge having jurisdiction in the case.

178.01(2)(de)

(de) "Department" means the department of financial institutions.

178.01(2)(dm)

(dm) "Foreign registered limited liability partnership" means a limited liability partnership formed pursuant to an agreement governed by the laws of another state or country and registered under the laws of that jurisdiction.

178.01(2)(e)

(e) "Person" includes individuals, partnerships, limited liability companies, corporations, other associations and, to the extent authorized by governing instrument or court order, personal representatives and trustees.

178.01(2)(f)

(f) "Real property" includes land and any interest or estate in land.

178.01(2)(g)

(g) "Registered limited liability partnership" means a partnership formed pursuant to an agreement governed by the laws of this state and registered under s. 178.40.

178.01(3)

(3) A person has "knowledge" of a fact within the meaning of this chapter not only when that person has actual knowledge thereof, but also when that person has knowledge of such other facts as in the circumstances shows bad faith.

178.01(4)

(4) A person has "notice" of a fact within the meaning of this chapter when the person who claims the benefit of the notice (a) states the fact to such person, or (b) delivers through the mail, or by other means of communication, a written statement of the fact to such person or to a proper person at his or her place of business or residence.

178.01 - ANNOT.

History: 1971 c. 66; 1983 a. 189; 1993 a. 112, 482; 1995 a. 97, 225.