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Wis. Stat. § 409.110

Security interests arising under ch. 402 or 411

Redline — January 1, 2003 → current.View current text →
Current — January 1, 2017
As of January 1, 2003
or 411 . A security interest arising under s. 402.401 , 402.505 , 402.711 (3) , or 411.508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
A security interest arising under s. 402.401 , 402.505 , 402.711 (3) , or 411.508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if s. 409.203 (2) (c) has not been satisfied;
(1) The security interest is enforceable, even if s. 409.203 (2) (c) has not been satisfied;
(2) Filing is not required to perfect the security interest;
(2) Filing is not required to perfect the security interest;
(3) The rights of the secured party after default by the debtor are governed by ch. 402 or 411 ; and
(3) The rights of the secured party after default by the debtor are governed by ch. 402 or 411 ; and
(4) The security interest has priority over a conflicting security interest created by the debtor.
(4) The security interest has priority over a conflicting security interest created by the debtor.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.