Wisconsin Code § 409.309

Security interest perfected upon attachment
Open in Lexace · Ask the AI about this section
The following security interests are perfected when they attach:
(1) A purchase-money security interest in consumer goods,

except as otherwise provided in s. 409.311 (2) with respect to
consumer goods that are subject to a statute or treaty described in
s. 409.311 (1);
(2) An assignment of accounts or payment intangibles which
does not by itself or in conjunction with other assignments to the
same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;
(3) A sale of a payment intangible;
(4) A sale of a promissory note;
(5) A security interest created by the assignment of a healthcare-insurance receivable to the provider of the health-care goods
or services;
(6) A security interest arising under s. 402.401, 402.505,
402.711 (3), or 411.508 (5), until the debtor obtains possession of
the collateral;
(7) A security interest of a collecting bank arising under s.
404.210;
(8) A security interest of an issuer or nominated person arising under s. 405.118;
(9) A security interest arising in the delivery of a financial asset under s. 409.206 (3);
(10) A security interest in investment property created by a
broker or securities intermediary;
(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary;
(12) An assignment for the benefit of all creditors of the
transferor and subsequent transfers by the assignee thereunder;
and
(13) A security interest created by an assignment of a beneficial interest in a decedent’s estate.

‹ Prev All Wisconsin sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.