Wisconsin Statutes
Wis. Stat. § 242.06 (2026)
When transfer is made or obligation is incurred
✓ laws through the 2025-26 session (checked Sept. 2026)
Find cases:
SyfertCases citing this section
WI-LEGdocs.legis.wisconsin.gov
JustiaChapter on Justia
CornellLII Search
CasesGoogle Scholar
242.06(1)(a)(a) With respect to an asset that is real property other than a fixture, but including the interest of a seller or purchaser under a contract for the sale of the asset, when the transfer is so far perfected that a good-faith purchaser of the asset from the debtor against whom applicable law permits the transfer to be perfected cannot acquire an interest in the asset that is superior to the interest of the transferee.
242.06(1)(b)(b) With respect to an asset that is not real property or that is a fixture, when the transfer is so far perfected that a creditor on a simple contract cannot acquire a judicial lien other than under this chapter that is superior to the interest of the transferee.
242.06(2)(2) If applicable law permits the transfer to be perfected as provided in sub. (1) and the transfer is not so perfected before the commencement of an action for relief under this chapter, the transfer is deemed made immediately before the commencement of the action.
242.06(3)(3) If applicable law does not permit the transfer to be perfected as provided in sub. (1), the transfer is made when it becomes effective between the debtor and the transferee.
242.06(5)(b)(b) If evidenced by a record, when the record signed by the obligor is delivered to or for the benefit of the obligee.
242.06 AnnotationSub. (1) requires viewing a transfer exclusively from the perspective of the creditor and not a transferee. What the transferees may have believed regarding with whom they were dealing is irrelevant under sub. (1). The good-faith defense under s. 242.08 (1) applies only to claims made under s. 242.04 (1) (a), not to claims under this section. Badger State Bank v. Taylor, 2004 WI 128, 276 Wis. 2d 312, 688 N.W.2d 439, 03-0750.
Notes of Decisions
Cited in 5
cases, 1972–2015 · leading case: Osberg v. Fibison (In re Fibison), 474 B.R. 864 (Bankr. W.D. Wis. 2011).
Osberg v. Fibison (In re Fibison), 474 B.R. 864 (Bankr. W.D. Wis. 2011). “Wis. Stat. § 242.06 likewise defines when a transfer is made for purposes of the state fraudulent transfer provisions.”
Rinehart v. Meek (In Re Grady), 128 B.R. 462 (Bankr. E.D. Wis. 1991). “See § 242.06(4) Wis.Stat. First this court must decide whether Grady possessed any interest in the property “awarded” Meek under the divorce decree and if so, whether a transfer occurred.”
Waukesha Cnty. Dep't of Soc. Servs. v. Loper, 193 N.W.2d 679 (Wis. 1972). “” *717 We believe a cause of action, has been set forth in the amended complaints under sec. 242.06, Stats. It is alleged that Ethel B.”
Waukesha Cnty. Dept. of Soc. Serv. v. Loper, 193 N.W.2d 679 (Wis. 1972). “" *717 We believe a cause of action has been set forth in the amended complaints under sec. 242.06, Stats. It is alleged that Ethel B.”
Shockley v. Comm'r, 109 T.C.M. 1579 (Tax Ct. 2015). “In keeping with the substance of the transaction, SCC is therefore deemed to have sold all its assets, incurred the inherent taxable capital gains, liquidated, and distributed parts of the proceeds from its asset sales to petitioners.”
Wis. Stat. § 242.06(4): 1 case
Rinehart v. Meek (In Re Grady), 128 B.R. 462 (Bankr. E.D. Wis. 1991). “See § 242.06(4) Wis.Stat. First this court must decide whether Grady possessed any interest in the property “awarded” Meek under the divorce decree and if so, whether a transfer occurred.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.