{"data":{"id":"us-wi/wis.-stat.-702.505","jurisdiction":"us-wi","citation":"Wis. Stat. § 702.505","heading":"Third parties in good faith protected.","body":"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.","path":["Chapter 702 Uniform Powers Of Appointment Act","SUBCHAPTER V RIGHTS OF POWERHOLDER’S CREDITORSIN APPOINTIVE PROPERTY"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/702.505","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:34Z","sha256":"74b9de5eb7217556c85f5296c672dd35996af9f4e1cb99f8a0bc004ed4d97d79","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-702.504","next":"us-wi/wis.-stat.-702.601"},"notice":"GroundRules: Original legal text. Not legal advice."}