Wis. Stat. § 409.102
Subd. 2. is amended eff. 7-1-13 by 2011 Wis. Act 206 to read:
2. With present intent to adopt or accept a record, to attach to or logically associate with the record an electronic sound, symbol, or process.
Par. (cg) is amended eff. 7-1-13 by 2011 Wis. Act 206 to read:
(cg) "Certificate of title" means a certificate of title with respect to which a statute provides for the security interest in question to be indicated on the certificate as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. The term includes another record maintained as an alternative to a certificate of title by the governmental unit that issues certificates of title if a statute permits the security interest in question to be indicated on the record as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral.
Par. (km) is amended eff. 7-1-13 by 2011 Wis. Act 206 to read:
(km) "Good faith" means honesty in fact in the conduct or transaction concerned.
Par. (mg) is amended eff. 7-1-13 by 2011 Wis. Act 206 to read:
(mg) "Jurisdiction of organization", with respect to a registered organization, means the jurisdiction under whose law the organization is formed or organized.
Par. (qp) is created eff. 7-1-13 by 2011 Wis. Act 206.
Par. (rg) is amended eff. 7-1-13 by 2011 Wis. Act 206 to read:
(rg) "Registered organization" means an organization formed or organized solely under the law of a single state or the United States by the filing of a public organic record with, the issuance of a public organic record by, or the enactment of legislation by the state or the United States. The term includes a business trust that is formed or organized under the law of a single state if a statute of the state governing business trusts requires that the business trust's organic record be filed with the state.
The above annotated materials cite to the pre-2001 Wis. Act 10 version of ch. 409.
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). 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). There is a real difference between a claim from which proceeds arise and the proceeds themselves. Public policy does not prohibit the assignment of potential proceeds in a malpractice claim as a payment intangible. Concluding otherwise would contravene the clear meaning of provisions of ch. 409 and could be seen as favoring lawyers against whom legal malpractice claims are filed. Attorney's Title Guaranty Fund, Inc. v. Town Bank, 2014 WI 63, 355 Wis. 2d 229, 850 N.W.2d 28, 11-2774.