893.36 Secured livestock.
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/wi/chapter-893/893-36A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
893.36 Secured livestock.
(1g)In this section:
(a)“Buyer in ordinary course of business” has the meaning provided by s. 401.201
(em).
(b)“Collateral” has the meaning provided by s. 409.102
(cs).
(c)“Debtor” has the meaning provided by s. 409.102
(gs).
(d)“Market agency” means a person regularly engaged in the business of receiving, buying or selling livestock whether on a commission basis or otherwise.
(e)“Secured party” has the meaning provided by s. 409.102
(rs).
(f)“Security agreement” has the meaning provided by s. 409.102
(s).
(1m)An action by a secured party to recover damages or property, based upon the sale of livestock which when sold is the secured party’s collateral, against the market agency which in the ordinary course of business conducts the auction of the livestock, or against a buyer in ordinary course of business shall be commenced within 2 years after the date of sale of the livestock, or be barred, if: