409.102(3)
(3) Chapter 401 definitions and principles. Chapter 401 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
409.102 History
History: 2001 a. 10;
2003 a. 321.
409.102 Annotation
A security interest in all of a trucking company's "equipment" reasonably identified trucks as collateral. Milwaukee Mack Sales v. First Wis. Nat. Bank,
93 Wis. 2d 589,
287 N.W.2d 708 (1980).
409.102 Annotation
Goods classified as "inventory" while in the possession of a debtor remain "inventory" while on lease status in the possession of the lessee. In re Watertown Tractor & Equipment Company., Inc.
94 Wis. 2d 622,
289 N.W.2d 288 (1980).