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CHAPTER 409
UNIFORM COMMERCIAL CODE — SECURED TRANSACTIONS
SUBCHAPTER I
GENERAL PROVISIONS
409.101       Short title.
409.102       Definitions and index of definitions.
409.103       Purchase-money security interest; application of payments; burden of establishing.
409.1035       Production-money crops; production-money obligation; production-money security interest; burden of establishing.
409.104       Control of deposit account.
409.105       Control of electronic chattel paper.
409.106       Control of investment property.
409.107       Control of letter-of-credit right.
409.108       Sufficiency of description.
409.109       Scope.
409.110       Security interests arising under ch. 402 or 411.
SUBCHAPTER II
EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT
409.201       General effectiveness of security agreement.
409.202       Title to collateral immaterial.
409.203       Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.
409.204       After-acquired property; future advances.
409.205       Use or disposition of collateral permissible.
409.206       Security interest arising in purchase or delivery of financial asset.
409.207       Rights and duties of secured party having possession or control of collateral.
409.208       Additional duties of secured party having control of collateral.
409.209       Duties of secured party if account debtor has been notified of assignment.
409.210       Request for accounting; request regarding list of collateral or statement of account.
SUBCHAPTER III
PERFECTION AND PRIORITY
409.301       Law governing perfection and priority of security interests.
409.302       Law governing perfection and priority of agricultural liens.
409.303       Law governing perfection and priority of security interests in goods covered by a certificate of title.
409.304       Law governing perfection and priority of security interests in deposit accounts.
409.305       Law governing perfection and priority of security interests in investment property.
409.306       Law governing perfection and priority of security interests in letter-of-credit rights.
409.307       Location of debtor.
409.308       When security interest or agricultural lien is perfected; continuity of perfection.
409.309       Security interest perfected upon attachment.
409.310       When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
409.311       Perfection of security interests in property subject to certain statutes, regulations, and treaties.
409.312       Perfection of security interests in chattel paper, deposit accounts, documents, goods covered by documents, instruments, investment property, letter-of-credit rights, and money; perfection by permissive filing; temporary perfection without filing or transfer of possession.
409.313       When possession by or delivery to secured party perfects security interest without filing.
409.314       Perfection by control.
409.315       Secured party's rights on disposition of collateral and in proceeds.
409.316       Continued perfection of security interest following change in governing law.
409.317       Interests that take priority over or take free of security interest or agricultural lien.
409.318       No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers.
409.319       Rights and title of consignee with respect to creditors and purchasers.
409.320       Buyer of goods.
409.321       Licensee of general intangible and lessee of goods in ordinary course of business.
409.322       Priorities among conflicting security interests in and agricultural liens on same collateral.
409.323       Future advances.
409.324       Priority of purchase-money security interests.
409.3245       Priority of production-money security interests and agricultural liens.
409.325       Priority of security interests in transferred collateral.
409.326       Priority of security interests created by new debtor.
409.327       Priority of security interests in deposit account.
409.328       Priority of security interests in investment property.
409.329       Priority of security interests in letter-of-credit right.
409.330       Priority of purchaser of chattel paper or instrument.
409.331       Priority of rights of purchasers of instruments, documents, and securities under other chapters; priority of interests in financial assets and security entitlements under ch. 408.
409.332       Transfer of money; transfer of funds from deposit account.
409.333       Priority of certain liens arising by operation of law.
409.334       Priority of security interests in fixtures and crops.
409.335       Accessions.
409.336       Commingled goods.
409.337       Priority of security interests in goods covered by certificate of title.
409.338       Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information.
409.339       Priority subject to subordination.
409.340       Effectiveness of right of recoupment or setoff against deposit account.
409.341       Bank's rights and duties with respect to deposit account.
409.342       Bank's right to refuse to enter into or disclose existence of control agreement.
SUBCHAPTER IV
RIGHTS OF 3RD PARTIES
409.401       Alienability of debtor's rights.
409.402       Secured party not obligated on contract of debtor or in tort.
409.403       Agreement not to assert defenses against assignee.
409.404       Rights acquired by assignee; claims and defenses against assignee.
409.405       Modification of assigned contract.
409.406       Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective.
409.407       Restrictions on creation or enforcement of security interest in leasehold interest or in leasor's residual interest.
409.408       Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.
409.409       Restrictions on assignment of letter-of-credit rights ineffective.
SUBCHAPTER V
FILING
409.501       Filing office.
409.502       Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
409.503       Name of debtor and secured party.
409.504       Indication of collateral.
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2011-12 Wis. Stats. database updated though 2013 Wis. Act 13 and all Supreme Court Orders enacted before May 21, 2013. Statutory changes effective on or prior to May 21, 2013 are published as currently in effect. Changes effective after May 21, 2013 are designated by NOTES. See Are the Statutes on this Website Official? (5-22-13)