§ 409.401 Alienability of debtor’s rights
§ 409.402 Secured party not obligated on contract of debtor or in tort
§ 409.403 Agreement not to assert defenses against assignee
§ 409.404 Rights acquired by assignee; claims and defenses against assignee
§ 409.405 Modification of assigned contract
§ 409.406 Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
§ 409.407 Restrictions on creation or enforcement of security interest in leasehold interest or in leasor’s residual interest
§ 409.408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
§ 409.409 Restrictions on assignment of letter-of-credit rights ineffective
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Terms Used In Wisconsin Statutes > Chapter 409 > Subchapter IV - Rights of 3Rd Parties

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
  • Property: includes real and personal property. See Wisconsin Statutes 990.01
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.