Wisconsin § 409.704 Security interest unperfected before effective date.

Wisconsin Statutes

§ 409.704 — Security interest unperfected before effective date.

Wisconsin § 409.704

Ch. 409Uniform commercial code — secured transactions

Subch.subch. VII of ch. 409 SUBCHAPTER VII

TRANSITION

This text of Wisconsin § 409.704 (Security interest unperfected before effective date.) 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. § 409.704 (2026).

Text

704  A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
704(1) (1) Remains an enforceable security interest for one year after July 1, 2001;
704(2) (2) Remains enforceable on and after one year after July 1, 2001, if the security interest becomes enforceable under s. 409.203 on July 1, 2001, or within one year thereafter; and
704(3) (3) Becomes perfected:
704(3)(a) (a) Without further action, on July 1, 2001, if the applicable requirements for perfection under 2001 Wisconsin Act 10 are satisfied before or at that time; or
704(3)(b) (b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

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409.704 A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:
409.704(1) (1) Remains an enforceable security interest for one year after July 1, 2001;
409.704(2) (2) Remains enforceable on and after one year after July 1, 2001, if the security interest becomes enforceable under s. 409.203 on July 1, 2001, or within one year thereafter; and
409.704(3) (3) Becomes perfected:
409.704(3)(a) (a) Without further action, on July 1, 2001, if the applicable requirements for perfection under 2001 Wisconsin Act 10 are satisfied before or at that time; or
409.704(3)(b) (b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.