Current as of January 01, 2018 | Updated by FindLaw Staff
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A motor truck under s. 340.01(18)(a)1 registered as a farm truck under s. 341.26(3)(a) may be used for personal and family purposes if the primary use of that motor truck is for purposes specified in s. 340.01(18)(a)1, except that a registered farm truck may not be used in furtherance of any nonfarm occupation, trade, profession or other employment, including commuting to or from the place of such nonfarm occupation, trade, profession or employment. A motor truck under s. 340.01(18)(a)2 may not be used for personal and family purposes. This section does not apply to dual purpose farm trucks registered under s. 341.26(3)(am). Any violations of this section are subject to the penalty prescribed for violations of s. 341.04(2).
A. On application by a judgment creditor of a member or of a member's assignee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. To the extent so charged, the judgment creditor has only the right to receive any distribution or distributions to which the judgment debtor would otherwise have been entitled in respect of the interest.
B. A charging order constitutes a lien on the judgment debtor's transferable interest in the limited liability company.
C. This chapter does not deprive a member or a member's assignee of a right under exemption laws with respect to the judgment debtor's interest in the limited liability company.
D. The entry of a charging order is the exclusive remedy by which a judgment creditor of a member or of a member's assignee may satisfy a judgment out of the judgment debtor's transferable interest in the limited liability company.
E. No creditor of a member or of a member's assignee shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the limited liability company.
Cite this article: FindLaw.com - Wisconsin Statutes Vehicles (Ch. 340 to 351) § 341.045. Use of registered farm trucks regulated - last updated January 01, 2018 | https://codes.findlaw.com/wi/vehicles-ch-340-to-351/wi-st-341-045.html
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