Wis. Stat. § 409.319

Rights and title of consignee with respect to creditors and purchasers

Applied in 2 court decisions — leading case 914 F. Supp. 2d 529 - Arthur Glick Truck Sales, Inc. v. Stuphen East Corp. (2012)

Most recently applied in 914 F. Supp. 2d 529 - Arthur Glick Truck Sales, Inc. v. Stuphen East Corp. (December 2012)

2001 a. 10.

(1) CONSIGNEE HAS CONSIGNOR’S RIGHTS. Except as otherwise provided in sub. (2), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.

(2) APPLICABILITY OF OTHER LAW. For purposes of determining the rights of a creditor of a consignee, law other than this chapter determines the rights and title of a consignee while goods are in the consignee’s possession if, under this subchapter, a perUCC - SECURED TRANSACTIONS 409.32219 fected security interest held by the consignor would have priority over the rights of the creditor.

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