State Codes and Statutes

Statutes > Wisconsin > 409 > 409.309

409.309

409.309 Security interest perfected upon attachment. The following security interests are perfected when they attach:

409.309(1)

(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);

409.309(2)

(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;

409.309(3)

(3) A sale of a payment intangible;

409.309(4)

(4) A sale of a promissory note;

409.309(5)

(5) A security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;

409.309(6)

(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;

409.309(7)

(7) A security interest of a collecting bank arising under s. 404.210;

409.309(8)

(8) A security interest of an issuer or nominated person arising under s. 405.118;

409.309(9)

(9) A security interest arising in the delivery of a financial asset under s. 409.206 (3);

409.309(10)

(10) A security interest in investment property created by a broker or securities intermediary;

409.309(11)

(11) A security interest in a commodity contract or a commodity account created by a commodity intermediary;

409.309(12)

(12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and

409.309(13)

(13) A security interest created by an assignment of a beneficial interest in a decedent's estate.

409.309 - ANNOT.

History: 2001 a. 10.