1997 WISCONSIN ACT 279
An Act to create 402.326 (3) (d) and 402.326 (5) of the statutes; relating to: “sale or return" or consignment sales under the uniform commercial code.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
279,1
Section 1
. 402.326 (3) (d) of the statutes is created to read:
402.326 (3) (d) Delivers goods that the person making delivery used, or bought for use, for personal, family or household purposes.
279,2
Section 2
. 402.326 (5) of the statutes is created to read:
402.326 (5) If a person delivers or consigns for sale goods that the person used, or bought for use, for personal, family or household purposes, these goods do not become the property of the deliveree or consignee unless the deliveree or consignee purchases and fully pays for the goods. This subsection does not prevent the deliveree or consignee from acting as the deliverer's or consignor's agent to transfer title to these goods to a buyer who pays the full purchase price. Any payment received by the deliveree or consignee from a buyer of these goods, less any amount that the deliverer or consignor expressly agreed could be deducted from the payment for commissions, fees or expenses, is the property of the deliveror or consignor and is not subject to the claims of the deliveree's or consignee's creditors.
279,3
Section 3
.
Initial applicability.
(1) This act first applies to goods delivered on the effective date of this subsection.
