700.01 Definitions.

199 words·~1 min read·/wi/chapter-700/700-01

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

700.01 Definitions. In this chapter, unless the context indicates otherwise:

(1)“Bill of sale” means an instrument evidencing a sale of tangible personal property which names the seller and buyer and describes the property sold.

(2)“Document of title” means a document which is evidence of ownership of certain kinds of personal property, tangible or intangible, the ownership of which may be transferred by transfer of the document; it includes but is not limited to an investment security, a negotiable instrument and a certificate of title to tangible personal property; it does not include items excepted in s. 700.22 .

(3)“Instrument of transfer” means an instrument which is effective to transfer an interest in property; it includes but is not limited to a will, a deed, a contract to transfer, a real estate mortgage and an instrument creating a security interest in personal property under ch. 409 .

(4)“Interest” means an interest in property.

(5)“Property” means real or personal property.

(6)“Successors in interest” means persons who obtain a reversionary interest by transfer or operation of law.

(7)“Transfer” means a transfer effective during the lifetime of the transferor or by reason of the transferor’s death.