Wisconsin Statutes
Wis. Stat. § 242.03 (2026)
Value
✓ current as of July 2026
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242.03(1)(1) Value is given for a transfer or an obligation if, in exchange for the transfer or obligation, property is transferred or an antecedent debt is secured or satisfied, but value does not include an unperformed promise made otherwise than in the ordinary course of the promisor’s business to furnish support to the debtor or another person.
242.03(2)(2) For the purposes of ss. 242.04 (1) (b) and 242.05, a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of sale for the acquisition or disposition of the interest of the debtor upon default under a mortgage, deed of trust or security agreement.
242.03(3)(3) A transfer is made for present value if the exchange between the debtor and the transferee is intended by them to be contemporaneous and is in fact substantially contemporaneous.
Notes of Decisions
Cited in 10
cases, 1938–2015 · leading case: Badger State Bank v. Taylor, 2004 WI 128 (Wis. 2004).
Badger State Bank v. Taylor, 2004 WI 128 (Wis. 2004). “" Wis. Stat. § 242.03 (1). 24 A1 Vogt was an agent of A&T Livestock, as well as of Ag-Tech.”
White v. Coyne, Schultz, Becker & Bauer, S.C. (In re Pawlak), 483 B.R. 169 (Bankr. W.D. Wis. 2012). “” See Wis. Stat. § 242.03 (1). The attorney in Harris argued that the client received value because what was exchanged for the assignment was not a promise to perform future legal services, but the actual performance of the services themselves.”
Vill. of West Milwaukee v. Bergstrom Mfg. Co., 7 N.W.2d 587 (Wis. 1942). “The court concluded that plaintiff is entitled to judgment declaring the transfer to' the Corporation fraudulent as against plaintiff, as a creditor to the extent necessary to satisfy its claim in suit; and that so far as necessary to that extent plaintiff is entitled to…”
United States v. Hoffman, 643 F. Supp. 346 (E.D. Wis. 1986). “” Wis.Stat. § 242.03. See also Running v. Widdes, 52 Wis.”
Angers v. Sabatinelli, 293 N.W. 173 (Wis. 1940). “Sec. 242.03, Stats., defines thus fair consideration: “Fair consideration is given for property, or obligation, (a) when in exchange for such property, or obligation, as a fair equivalent therefor, and in good faith, property is conveyed or an antecedent debt is satisfied, or…”
Running v. Widdes, 190 N.W.2d 169 (Wis. 1971). “The primary consideration given by Averie H.”
Exec. Ctr. III, LLC v. Meieran, 823 F. Supp. 2d 883 (E.D. Wis. 2012). “” Wis. Stat. § 242.03 . It also defines “debt” to mean “any liability on a claim”; it then goes farther to define “claim” to mean “a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed,…”
Banking Comm'n v. Buchanan, 279 N.W. 71 (Wis. 1938). “If item (3) be excluded these two items manifestly make up a “fail-consideration” for the conveyances under sec. 242.03, Stats., unless the notes and two years of wages should be excluded on the ground that outlawed debts cannot constitute consid *547 eration of conveyances…”
Jones v. Krueger, 82 N.W.2d 910 (Wis. 1957). “As stated in sec. 242.03, Stats.: “Fair consideration is given for property, or obligation, .”
Shockley v. Comm'r, 2015 T.C. Memo. 113 (2015). “The record reflects that petitioners received distributions of approximately $26 million (not including loan repayments) from the proceeds of the sales of SCC's assets while SCC received nothing (or, at best, received petitioners' shares of SCC stock, which--because of the…”
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