{"data":{"id":"us-wi/wis.-stat.-409.618","jurisdiction":"us-wi","citation":"Wis. Stat. § 409.618","heading":"Rights and duties of certain secondary obligors.","body":"(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:\n(a) Receives an assignment of a secured obligation from the secured party;\n(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\n(c) Is subrogated to the rights of a secured party with respect to collateral.\n(2) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in sub. (1):\n(a) Is not a disposition of collateral under s. 409.610; and\n(b) Relieves the secured party of further duties under this chapter.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 409 Uniform Commercial Code — Secured Transactions","SUBCHAPTER VI DEFAULT"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/409.618","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:23Z","sha256":"3cc18afeac1ea3bc8aa57617993a9b8cf5a41ad99390fb1560911494ae8941e2","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-409.617","next":"us-wi/wis.-stat.-409.619"},"notice":"GroundRules: Original legal text. Not legal advice."}