2011 Wisconsin Laws 409.502 – Contents of financing statement; record of mortgage as financing statement; time of filing financing statement
409.502(2)(a)
(a) Indicate that it covers this type of collateral;
409.502
409.502 Contents of financing statement; record of mortgage as financing statement; time of filing financing statement.
409.502(1)(a)
(a) Provides the name of the debtor;
409.502(1)(b)
(b) Provides the name of the secured party or a representative of the secured party; and
409.502(1)(c)
(c) Indicates the collateral covered by the financing statement.
409.502(2)(b)
(b) Indicate that it is to be filed for record in the real property records;
409.502(2)(d)
(d) If the debtor does not have an interest of record in the real property, provide the name of a record owner.
409.502(3)(a)
(a) The record indicates the goods or accounts that it covers;
409.502(3)(d)
(d) The record is duly recorded.
409.502(1)
(1) Sufficiency of financing statement. Subject to sub. (2), a financing statement is sufficient only if it:
409.502(2)
(2) Real-property-related financing statements. Except as otherwise provided in § 409.501 (2), to be sufficient, a financing statement that covers as-extracted collateral or timber to be cut, or which is filed as a fixture filing and covers goods that are or are to become fixtures, must satisfy sub. (1) and also:
409.502(2)(c)
(c) Provide a description of the real property to which the collateral is related sufficient to give constructive notice of a mortgage under the law of this state if the description were contained in a record of the mortgage of the real property; and
409.502(3)
(3) Record of mortgage as financing statement. A record of a mortgage is effective, from the date of recording, as a financing statement filed as a fixture filing or as a financing statement covering as-extracted collateral or timber to be cut only if:
409.502(3)(b)
(b) The goods are or are to become fixtures related to the real property described in the record or the collateral is related to the real property described in the record and is as-extracted collateral or timber to be cut;
409.502(3)(c)
(c) The record satisfies the requirements for a financing statement in this section other than an indication that it is to be filed in the real property records; and
409.502(4)
(4) Filing before security agreement or attachment. A financing statement may be filed before a security agreement is made or a security interest otherwise attaches.