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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   Effect of 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 Wisconsin Statutes updated though 2013 Wis. Act 380 and all Supreme Court Orders entered before June 30, 2014. Published and certified under s. 35.18. Changes effective after July 1, 2014 are designated by NOTES. (Published 7-1-14)