409.310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply. - Wisconsin Statutes

409.310

409.310 When filing required to perfect security interest or agricultural lien; security interests and agricultural liens to which filing provisions do not apply.

409.310(1)

(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.

409.310(2)

(2) Exceptions: filing not necessary. The filing of a financing statement is not necessary to perfect a security interest:

409.310(2)(a)

(a) That is perfected under s. 409.308 (4), (5), (6), or (7);

409.310(2)(b)

(b) That is perfected under s. 409.309 when it attaches;

409.310(2)(c)

(c) In property subject to a statute, regulation, or treaty described in s. 409.311 (1);

409.310(2)(d)

(d) In goods in possession of a bailee which is perfected under s. 409.312 (4) (a) or (b);

409.310(2)(e)

(e) In certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under s. 409.312 (5), (6), or (7);

409.310 - ANNOT.

NOTE: Par. (e) is shown as amended eff. 8-1-10 by 2009 Wis. Act 322. Prior to 8-1-10 it reads:

409.310 - ANNOT.

(e) In certificated securities, documents, goods, or instruments which is perfected without filing or possession under s. 409.312 (5), (6), or (7);

409.310(2)(f)

(f) In collateral in the secured party's possession under s. 409.313;

409.310(2)(g)

(g) In a certificated security which is perfected by delivery of the security certificate to the secured party under s. 409.313;

409.310(2)(h)

(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;

409.310 - ANNOT.

NOTE: Par. (h) is shown as amended eff. 8-1-10 by 2009 Wis. Act 322. Prior to 8-1-10 it reads:

409.310 - ANNOT.

(h) In deposit accounts, electronic chattel paper, investment property, or letter-of-credit rights which is perfected by control under s. 409.314;

409.310(2)(i)

(i) In proceeds which is perfected under s. 409.315; or

409.310(2)(j)

(j) That is perfected under s. 409.316.

409.310(3)

(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.

409.310 - ANNOT.

History: 2001 a. 10; 2009 a. 322.