Wisconsin § 408.603 Saving provision.

Wisconsin Statutes

§ 408.603 — Saving provision.

Wisconsin § 408.603

Ch. 408Uniform commercial code — investment securities

Subch.subch. VI of ch. 408 SUBCHAPTER VI

TRANSITIONAL PROVISIONS

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Wis. Stat. § 408.603 (2026).

Text

603
603(1) (1) If a security interest in a security is perfected on or before July 1, 1998, and the action by which the security interest was perfected would suffice to perfect a security interest under this chapter, no further action is required to continue perfection.
603(2) (2) If a security interest in a security is perfected on or before July 1, 1998, under ch. 408 , 1995 stats., but the action by which the security interest was perfected would not suffice to perfect a security interest under this chapter, the security interest remains perfected for a period of 4 months after July 1, 1998, and continues perfected thereafter if appropriate action to perfect under this chapter is taken within that period. If a security interest is perfected on or before July 1, 1998, and the

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408.603
408.603(1) (1) If a security interest in a security is perfected on or before July 1, 1998, and the action by which the security interest was perfected would suffice to perfect a security interest under this chapter, no further action is required to continue perfection.
408.603(2) (2) If a security interest in a security is perfected on or before July 1, 1998, under ch. 408 , 1995 stats., but the action by which the security interest was perfected would not suffice to perfect a security interest under this chapter, the security interest remains perfected for a period of 4 months after July 1, 1998, and continues perfected thereafter if appropriate action to perfect under this chapter is taken within that period. If a security interest is perfected on or before July 1, 1998, and the security interest can be perfected by filing under this chapter, a financing statement signed by the secured party instead of the debtor may be filed within that period to continue perfection or thereafter to perfect.