Wisconsin Code § 178.0809

(1) A dissolved limited liability partnership that has published a notice under s. 178.0808
may file an application with the circuit court in the county in this
state where the partnership’s principal office is located or, if the
principal office is not located in this state, where the partnership’s registered office is or was last located, for a determination
of the amount and form of security to be provided for payment of
claims that are contingent or are not known to the partnership or
that are based on an event occurring after the effective date of dissolution but that, based on the facts known to the partnership, are
reasonably expected to arise after the effective date of
dissolution.
(2) Provision need not be made for any claim that is or is reasonably anticipated to be barred under s. 178.0808.
(3) Not later than 10 days after the filing of an application under sub. (1), the dissolved limited liability partnership shall give
notice of the proceeding to each claimant holding a contingent
claim whose contingent claim is known to the partnership.
(4) In any proceeding under this section, the court may appoint a guardian ad litem to represent all claimants whose identities are unknown. The reasonable fees and expenses of the

guardian, including all reasonable expert witness fees, must be
paid by the dissolved limited liability partnership.
(5) A dissolved limited liability partnership that provides security in the amount and form ordered by the court under sub. (1)
satisfies the partnership’s obligations with respect to claims that
are contingent, are not known to the partnership, or are based on
an event occurring after the effective date of dissolution, and such
claims may not be enforced against a partner or transferee on account of assets received in liquidation.

‹ Prev All Wisconsin sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.