* Section 991.11, Wisconsin Statutes: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor's partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.”

  Date of enactment: March 27, 2024
2023 Senate Bill 450   Date of publication*: March 28, 2024

2023 WISCONSIN ACT 246

An Act to repeal 242.02 (4); to renumber 242.08 (2) (a); to renumber and amend 242.08 (2) (b); to amend chapter 242 (title), 242.01 (3), 242.01 (9), 242.01 (12), 242.02 (2), 242.02 (3), 242.04 (title), 242.04 (1) (intro.), 242.05 (title), 242.05 (1), 242.05 (2), 242.06 (5) (b), 242.07 (1) (b), 242.08 (title), 242.08 (1), 242.08 (2) (intro.), 242.08 (5) (b), 402.402 (3) (b), 411.308 (2) (b), 705.07 (2), 815.18 (10) and 893.425; and to create 242.01 (6m), 242.01 (8m), 242.01 (10m), 242.01 (11m), 242.04 (3), 242.05 (3), 242.08 (2) (am) 2. b. and (bm), 242.08 (7) and (8), 242.094, 242.096, 242.12 and 242.13 of the statutes; relating to: adopting modifications to, and renaming, the Uniform Fraudulent Transfer Act.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

246,1 Section 1. Chapter 242 (title) of the statutes is amended to read:

CHAPTER 242

UNIFORM FRAUDULENT TRANSFER ACT

VOIDABLE TRANSACTIONS LAW

246,2 Section 2. 242.01 (3) of the statutes is amended to read:

242.01 (3) “Claim” “Claim,” except as used in “claim for relief,” means a right to payment, whether or not the right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured.

246,3 Section 3. 242.01 (6m) of the statutes is created to read:

242.01 (6m) “Electronic” means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

246,4 Section 4. 242.01 (8m) of the statutes is created to read:

242.01 (8m) “Organization” means a person other than an individual.

246,5 Section 5. 242.01 (9) of the statutes is amended to read:

242.01 (9) “Person” means an individual, estate, partnership, corporation, limited liability company, association, organization, trust, business or nonprofit entity, public corporation, government or governmental subdivision or, agency, business trust, estate, trust or instrumentality, or any other legal or commercial entity.

246,6 Section 6. 242.01 (10m) of the statutes is created to read:

242.01 (10m) “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

246,7 Section 7. 242.01 (11m) of the statutes is created to read:

242.01 (11m) “Sign” means, with present intent to authenticate or adopt a record, any of the following:

(a) To execute or adopt a tangible symbol.

(b) To attach to or logically associate with the record an electronic symbol, sound, or process.

246,8 Section 8. 242.01 (12) of the statutes is amended to read: