700.01 Definitions. - Wisconsin Statutes

700.01

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

700.01(1)

(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.

700.01(2)

(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.

700.01(3)

(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.

700.01(4)

(4) "Interest" means an interest in property.

700.01(5)

(5) "Property" means real or personal property.

700.01(6)

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

700.01(7)

(7) "Transfer" means a transfer effective during the lifetime of the transferor or by reason of the transferor's death.

700.01 - ANNOT.

History: 1983 a. 189; 1991 a. 316.

700.01 - ANNOT.

Cross-reference: See ss. 990.01 (27) and (35) which define real and personal property.