409.310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
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/wi/chapter-409/409-310-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
409.310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.
(1)General rule: perfection by filing. Except as otherwise provided in sub.
(2)and s. 409.312
(2), a financing statement must be filed to perfect all security interests and agricultural liens.
(2)Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:
(a)That is perfected under s. 409.308
(4),
(5),
(6), or
(7);
(b)That is perfected under s. 409.309 when it attaches;
(c)In property subject to a statute, regulation, or treaty described in s. 409.311
(1);
(d)In goods in possession of a bailee which is perfected under s. 409.312
(a)or
(b);
(e)In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under s. 409.312
(5),
(6), or
(7);
(f)In collateral in the secured party’s possession under s. 409.313 ;
(g)In a certificated security which is perfected by delivery of the security certificate to the secured party under s. 409.313 ;
(h)In deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under s. 409.314 ;
(i)In proceeds which is perfected under s. 409.315 ; or
(j)That is perfected under s. 409.316 .
(3)Assignment of perfected security interest. If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.