2011 Wisconsin Laws 409.110 – Security interests arising under ch. 402 or 411
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409.110
409.110 Security interests arising under ch. 402 or 411. A security interest arising under § 402.401, 402.505, 402.711 (3), or 411.508 (5) is subject to this chapter. However, until the debtor obtains possession of the goods:
409.110(1)
(1) The security interest is enforceable, even if § 409.203 (2)(c) has not been satisfied;
409.110(2)
(2) Filing is not required to perfect the security interest;
409.110(3)
(3) The rights of the secured party after default by the debtor are governed by ch. 402 or 411; and
409.110(4)
(4) The security interest has priority over a conflicting security interest created by the debtor.