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2012 Wisconsin Statutes & Annotations
409. Uniform commercial code — secured transactions.
subch. I of ch. 409 SUBCHAPTER IGENERAL 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.
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.
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 Continued perfection of security interest following 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.
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.
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.
- 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; social security numbers.
- 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.
- 409.525 Fees.
- 409.526 Filing-office rules.
- 409.527 Duty to report.
- 409.528 Statewide lien system.
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.
- 409.624 Waiver.
- 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.
TRANSITION
- 409.702 Savings clause.
- 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.
- 409.709 Priority.
- 409.710 Special transitional provision for maintaining and searching local filing office records.
TRANSITION PROVISIONS FOR 2010 AMENDMENTS
- 409.802 Savings clause.
- 409.803 Security interest perfected before effective date.
- 409.804 Security interest unperfected before effective date.
- 409.805 Effectiveness of action taken before effective date.
- 409.806 When initial financing statement suffices to continue effectiveness of financing statement.
- 409.807 Amendment of preeffective-date financing statement.
- 409.808 Persons entitled to file initial financing statement or continuation statement.
- 409.809 Priority.
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