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Wisconsin · Through 2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)

Wis. Stat. § 179.0502: Liability for contribution.

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Where this section sits in the code
  1. Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations
  2. Chapter 179 Uniform Limited Partnership Law
  3. SUBCHAPTER V CONTRIBUTIONS AND DISTRIBUTIONS

(1) A person’s obligation to make a contribution to a limited partnership is not excused by the person’s death, disability, termination, or other inability to perform personally.

(2) If a person does not fulfill an obligation to make a contribution other than money, the person is obligated at the option of the limited partnership to contribute money equal to the value, as stated in the required information, of the part of the contribution which has not been made.

(3) The obligation of a person to make a contribution may be compromised only by the affirmative vote or consent of all the partners. If a creditor of a limited partnership extends credit or otherwise acts in reliance on an obligation described in sub. (1) without knowledge or notice of a compromise under this subsection, the creditor may enforce the obligation.

Collected 2026-09-05T12:01:01Z. Source file · JSON

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