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2017 Wisconsin Statutes & Annotations
Chapter 647. Continuing care contracts.
647.06 Receivership or liquidation.
Universal Citation: WI Stat § 647.06 (2017)
647.06 Receivership or liquidation.
(1) A petition for appointment of a receiver or liquidator for a facility may be filed by a resident, a resident's guardian or the commissioner in the circuit court for the county in which the facility is located. If the court determines, after notice to the provider and a hearing, that a provider is not able to meet the terms of its continuing care contracts and other obligations, the court may appoint a receiver or liquidator and may set forth the powers, duties, compensation and liabilities of the receiver or liquidator.
(2) Any provider who voluntarily seeks to liquidate a facility shall notify the commissioner in advance.
History: 1983 a. 358.
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