Wis. Stat. § 409.110

Current through Acts 2023-2024, ch. 272

Section 409.110 - Security interests arising under ch. 402 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:

(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;

(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.

Wis. Stat. § 409.110

2001 a. 10.