AB719,5,2116 242.05 (1) A transfer made or obligation incurred by a debtor is fraudulent
17voidable as to a creditor whose claim arose before the transfer was made or the
18obligation was incurred if the debtor made the transfer or incurred the obligation
19without receiving a reasonably equivalent value in exchange for the transfer or
20obligation and the debtor was insolvent at that time or the debtor became insolvent
21as a result of the transfer or obligation.

AB719,6,223 242.05 (2) A transfer made by a debtor is fraudulent voidable as to a creditor
24whose claim arose before the transfer was made if the transfer was made to an

1insider for an antecedent debt, the debtor was insolvent at that time and the insider
2had reasonable cause to believe that the debtor was insolvent.

AB719,6,64 242.05 (3) Subject to s. 242.02 (3), a creditor making a claim for relief under
5sub. (1) or (2) has the burden of proving the elements of the claim for relief by a
6preponderance of the evidence.

AB719,6,98 242.06 (5) (b) If evidenced by a writing record, when the writing executed
9record signed by the obligor is delivered to or for the benefit of the obligee.

AB719,6,1311 242.07 (1) (b) An attachment or other provisional remedy against the asset
12transferred or other property of the transferee in accordance with if available under
13chs. 810 to 813 or other applicable law.

AB719,6,15 15242.08 (title) Defenses, liability , and protection of transferee or obligee .

AB719,6,1917 242.08 (1) A transfer or obligation is not voidable under s. 242.04 (1) (a) against
18a person who took in good faith and for a reasonably equivalent value given the
19debtor or against any subsequent transferee or obligee.

AB719,6,2321 242.08 (2) (intro.) Except as otherwise provided in this section, to To the extent
22a transfer is voidable in an action by a creditor under s. 242.07 (1) (a), all of the
23following rules apply:

AB719,7,2 24(am) Except as otherwise provided in this section, the creditor may recover
25judgment for the value of the asset transferred, as adjusted under sub. (3), or the

1amount necessary to satisfy the creditor's claim, whichever is less. The judgment
2may be entered against any of the following:

AB719,7,65 242.08 (2) (am) 2. b. An immediate or mediate good faith transferee of a person
6described in subd. 2. a.

AB719,7,97 (bm) Recovery pursuant to s. 242.07 (1) (a) or (2) of or from the asset transferred
8or its proceeds, by levy or otherwise, is available only against a person described in
9par. (am) 1. or 2.

AB719,26 10Section 26. 242.08 (2) (b) of the statutes is renumbered 242.08 (2) (am) 2. and
11amended to read:

AB719,7,1312 242.08 (2) (am) 2. Any subsequent An immediate or mediate transferee of the
13first transferee, other than a any of the following:

AB719,7,14 14a. A good faith transferee who took for value or from any subsequent transferee.

AB719,7,1816 242.08 (5) (b) Enforcement of a security interest in compliance with ch. 409,
17other than acceptance of collateral in full or partial satisfaction of the obligation it
18secures.

AB719,7,2120 242.08 (7) The following rules determine the burden of proving matters
21referred to in this section:

AB719,7,2322 (a) A party that seeks to invoke sub. (1), (4), (5), or (6) has the burden of proving
23the applicability of that subsection.