Wisconsin § 409.317 Interests that take priority over or take free of security interest or agricultural lien.

Wisconsin Statutes

§ 409.317 — Interests that take priority over or take free of security interest or agricultural lien.

Wisconsin § 409.317

Ch. 409Uniform commercial code — secured transactions

Subch.subch. III of ch. 409 SUBCHAPTER III

PERFECTION AND PRIORITY

This text of Wisconsin § 409.317 (Interests that take priority over or take free of security interest or agricultural lien.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 409.317 (2026).

Text

409.317 409.317(1) (1) Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of: 409.317(1)(a) (a) A person entitled to priority under s. 409.322 ; and 409.317(1)(b) (b) Except as otherwise provided in sub.

(5), a person that becomes a lien creditor before the earlier of the time: 409.317(1)(b)1. 1. The security interest or agricultural lien is perfected; or 409.317(1)(b)2. 2. One of the conditions specified in s. 409.203 (2) (c) is met and a financing statement covering the collateral is filed. 409.317(2) (2) Buyers that receive delivery. Except as otherwise provided in sub.

(5), a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security ta

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409.317
409.317(1) (1) Conflicting security interests and rights of lien creditors. A security interest or agricultural lien is subordinate to the rights of:
409.317(1)(a) (a) A person entitled to priority under s. 409.322 ; and
409.317(1)(b) (b) Except as otherwise provided in sub. (5) , a person that becomes a lien creditor before the earlier of the time:
409.317(1)(b)1. 1. The security interest or agricultural lien is perfected; or
409.317(1)(b)2. 2. One of the conditions specified in s. 409.203 (2) (c) is met and a financing statement covering the collateral is filed.
409.317(2) (2) Buyers that receive delivery. Except as otherwise provided in sub. (5) , a buyer, other than a secured party, of tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest or agricultural lien if the buyer gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.
409.317(3) (3) Lessees that receive delivery. Except as otherwise provided in sub. (5) , a lessee of goods takes free of a security interest or agricultural lien if the lessee gives value and receives delivery of the collateral without knowledge of the security interest or agricultural lien and before it is perfected.
409.317(4) (4) Licensees and buyers of certain collateral. A licensee of a general intangible or a buyer, other than a secured party, of collateral other than tangible chattel paper, tangible documents, goods, instruments, or a certificated security takes free of a security interest if the licensee or buyer gives value without knowledge of the security interest and before it is perfected.
409.317(5) (5) Purchase-money security interest. Except as otherwise provided in ss. 409.320 and 409.321 , if a person files a financing statement with respect to a purchase-money security interest before or within 20 days after the debtor receives delivery of the collateral, the security interest takes priority over the rights of a buyer, lessee, or lien creditor which arise between the time the security interest attaches and the time of filing.