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Code · Wisconsin · Chapter 702 — Uniform powers of appointment act

702.505 Third parties in good faith protected.

81 words·~1 min read·/wi/chapter-702/702-505

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702.505 Third parties in good faith protected. Any person acting without actual notice of claims of creditors under this subchapter incurs no liability to those creditors for transferring property that is subject to a power of appointment or that has been appointed. A purchaser without actual notice and for a valuable consideration takes an interest in property, legal or equitable, and takes the interest free of any rights that a powerholder’s creditor may have under this subchapter.
SUBCHAPTER VI
MISCELLANEOUS PROVISIONS
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