409.504 Indication of collateral.
409.505 Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions.
409.506 Effect of errors or omissions.
409.507 Effect of certain events on effectiveness of financing statement.
409.508 Effectiveness of financing statement if new debtor becomes bound by security agreement.
409.509 Persons entitled to file a record.
409.510 Effectiveness of filed record.
409.511 Secured party of record.
409.512 Amendment of financing statement.
409.513 Termination statement.
409.514 Assignment of powers of secured party of record.
409.515 Duration and effectiveness of financing statement; effect of lapsed financing statement.
409.516 What constitutes filing; effectiveness of filing.
409.517 Effect of indexing errors.
409.518 Claim concerning inaccurate or wrongfully filed record.
409.519 Numbering, maintaining, and indexing records; communicating information provided in records.
409.520 Acceptance and refusal to accept record.
409.521 Uniform form of written financing statement and amendment.
409.522 Maintenance and destruction of records.
409.523 Information from filing office; sale or license of records.
409.524 Delay by filing office.
409.526 Filing-office rules.
409.528 Statewide lien system.
SUBCHAPTER VI
DEFAULT
409.601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
409.602 Waiver and variance of rights and duties.
409.603 Agreement on standards concerning rights and duties.
409.604 Procedure if security agreement covers real property or fixtures.
409.605 Unknown debtor or secondary obligor.
409.606 Time of default for agricultural lien.
409.607 Collection and enforcement by secured party.
409.608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
409.609 Secured party's right to take possession after default.
409.610 Disposition of collateral after default.
409.611 Notification before disposition of collateral.
409.612 Timeliness of notification before disposition of collateral.
409.613 Contents and form of notification before disposition of collateral: general.
409.614 Contents and form of notification before disposition of collateral: consumer-goods transaction.
409.615 Application of proceeds of disposition; liability for deficiency and right to surplus.
409.616 Explanation of calculation of surplus or deficiency.
409.617 Rights of transferee of collateral.
409.618 Rights and duties of certain secondary obligors.
409.619 Transfer of record or legal title.
409.620 Acceptance of collateral in full or partial satisfaction of obligation; compulsory disposition of collateral.
409.621 Notification of proposal to accept collateral.
409.622 Effect of acceptance of collateral.
409.623 Right to redeem collateral.
409.625 Remedies for secured party's failure to comply with chapter.
409.626 Action in which deficiency or surplus is in issue.
409.627 Determination of whether conduct was commercially reasonable.
409.628 Nonliability and limitation on liability of secured party; liability of secondary obligor.
SUBCHAPTER VII
TRANSITION
409.703 Security interest perfected before effective date.
409.704 Security interest unperfected before effective date.
409.705 Effectiveness of action taken before effective date.
409.706 When initial financing statement suffices to continue effectiveness of financing statement.
409.707 Amendment of preeffective-date financing statement.
409.708 Persons entitled to file initial financing statement or continuation statement.
409.710 Special transitional provision for maintaining and searching local filing office records.
Ch. 409 Note
NOTE: Chapter 409 was repealed and recreated in its entirety by
2001 Wis. Act 10.
Ch. 409 Cross-reference
Cross-reference: See definitions in s.
401.201.
GENERAL PROVISIONS
409.101
409.101
Short title. This chapter may be cited as uniform commercial code — secured transactions.
409.101 History
History: 2001 a. 10.
409.102
409.102
Definitions and index of definitions. 409.102(1)
(1)
Chapter 409 definitions. In this chapter:
409.102(1)(a)
(a) "Accession" means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost.
409.102(1)(ag)
(ag) "Account", except as used in "account for", means a right to payment of a monetary obligation, whether or not earned by performance; for property that has been or is to be sold, leased, licensed, assigned, or otherwise disposed of; for services rendered or to be rendered; for a policy of insurance issued or to be issued; for a secondary obligation incurred or to be incurred; for energy provided or to be provided; for the use or hire of a vessel under a charter or other contract; arising out of the use of a credit or charge card or information contained on or for use with the card; or as winnings in a lottery or other game of chance operated or sponsored by a state, governmental unit of a state, or person licensed or authorized to operate the game by a state or governmental unit of a state. The term includes health-care-insurance receivables. The term does not include rights to payment evidenced by chattel paper or an instrument; commercial tort claims; deposit accounts; investment property; letter-of-credit rights or letters of credit; or rights to payment for money or funds advanced or sold, other than rights arising out of the use of a credit or charge card or information contained on or for use with the card.
409.102(1)(am)
(am) "Account debtor" means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper.
409.102(1)(as)
(as) "Accounting", except as used in "accounting for", means a record:
409.102(1)(as)2.
2. Indicating the aggregate unpaid secured obligations as of a date not more than 35 days earlier or 35 days later than the date of the record; and
409.102(1)(as)3.
3. Identifying the components of the obligations in reasonable detail.
409.102(1)(b)
(b) "Agricultural lien" means an interest, other than a security interest, in farm products:
409.102(1)(b)1.
1. Which secures payment or performance of an obligation for:
409.102(1)(b)1.a.
a. Goods or services furnished in connection with a debtor's farming operation; or
409.102(1)(b)1.b.
b. Rent on real property leased by a debtor in connection with its farming operation;
409.102(1)(b)2.a.
a. In the ordinary course of its business furnished goods or services to a debtor in connection with a debtor's farming operation; or
409.102(1)(b)2.b.
b. Leased real property to a debtor in connection with the debtor's farming operation; and
