2003 Wisconsin Act 120

Date of enactment: February 6, 2004
2003 Assembly Bill 459 Date of publication*: February 20, 2004

* Section 991.11, Wisconsin Statutes 2001-02 : Effective date of acts. "Every act and every portion of an act enacted by the legislature over the governor's partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication as designated" by the secretary of state [the date of publication may not be more than 10 working days after the date of enactment].

2003 WISCONSIN ACT 120

An Act to repeal and recreate 409.521 of the statutes; relating to: inclusion of social security numbers and employer identification numbers in Uniform Commercial Code financing statements.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

120,1 Section 1. 409.521 of the statutes is repealed and recreated to read:

409.521 Uniform form of written financing statement and amendment. (1) Tax identification number. In publishing instructions for the forms specified in subs. (2) and (3), the department of financial institutions shall include a statement, where applicable, that inclusion of a social security number or employer identification number is not required under Wisconsin law.

(2) Initial financing statement form. A filing office that accepts written records may not refuse to accept a written initial financing statement in the following form and format except for a reason set forth in s. 409.516 (2):

(3) Amendment form. A filing office that accepts written records may not refuse to accept a written record in the following form and format except for a reason set forth in s. 409.516 (2):

120,2 Section 2. Initial applicability.

(1) This act first applies to financing statements filed on the effective date of this subsection.