There Is a Newer Version of the Wisconsin Statutes & Annotations
  1. 2025 Wis. Stat. & Ann.
  2. 2024 Wis. Stat. & Ann.
  3. 2023 Wis. Stat. & Ann.
  4. 2016 Wis. Stat. & Ann. (here)
  5. View All Versions
View Our Newest Version Here

2016 Wisconsin Statutes & Annotations
409. Uniform commercial code — secured transactions.
409.618 Rights and duties of certain secondary obligors.

Universal Citation:
WI Stat § 409.618 (2016)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

409.618  Rights and duties of certain secondary obligors.

409.618(1)(1)  Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:

409.618(1)(a) (a) Receives an assignment of a secured obligation from the secured party;

409.618(1)(b) (b) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or

409.618(1)(c) (c) Is subrogated to the rights of a secured party with respect to collateral.

409.618(2) (2) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in sub. (1):

409.618(2)(a) (a) Is not a disposition of collateral under s. 409.610; and

409.618(2)(b) (b) Relieves the secured party of further duties under this chapter.

History: 2001 a. 10.

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.