In this chapter, unless the context indicates otherwise: (1) “Bill of sale” means an instrument evidencing a sale of tangible personal property which names the seller and buyer and describes the property sold. (2) “Document of title” means a document which is evidence of ownership of certain kinds of personal property, tangible or intangible, the ownership of which may be transferred by transfer of the document; it includes but is not limited to an investment security, a negotiable instrument and a certificate of title to tangible personal property; it does not include items excepted in s. 700.22. (3) “Instrument of transfer” means an instrument which is effective to transfer an interest in property; it includes but is not limited to a will, a deed, a contract to transfer, a real estate mortgage and an instrument creating a security interest in personal property under ch. 409. (4) “Interest” means an interest in property. (5) “Property” means real or personal property. (6) “Successors in interest” means persons who obtain a reversionary interest by transfer or operation of law. (7) “Transfer” means a transfer effective during the lifetime of the transferor or by reason of the transferor’s death.
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