State Codes and Statutes

Statutes > Wisconsin > 178 > 178.24

178.24

178.24 Partner's interest chargeable as such with judgment lien.

178.24(1)

(1) On due application to a competent court by any judgment creditor of a partner, the court which entered the judgment, order or decree, or any other court, may charge the interest of the debtor partner with payment of the unsatisfied amount of such judgment debt with interest thereon; and may then or later appoint a receiver of the debtor partner's share of the profits, and of any other money due or to fall due to the debtor partner in respect to the partnership, and make all other orders, directions, accounts and inquiries which the debtor partner might have made, or which the circumstances of the case may require.

178.24(2)

(2) The interest charged may be redeemed at any time before foreclosure, or in case of a sale being directed by the court may be purchased without thereby causing a dissolution:

178.24(2)(a)

(a) With separate property, by any one or more of the partners; or

178.24(2)(b)

(b) With partnership property, by any one or more of the partners with the consent of all the partners whose interests are not so charged or sold.

178.24(3)

(3) Nothing in this chapter shall be held to deprive a partner of the partner's right, if any, under the exemption laws, as regards the partner's interest in the partnership.

178.24 - ANNOT.

History: 1993 a. 482; 1999 a. 83.