Wisconsin Statutes
Wis. Stat. § 403.201 (2026)
Negotiation
✓ current as of July 2026
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403.201(1)(1) “Negotiation” means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
403.201(2)(2) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its endorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
Notes of Decisions
Cited in 4
cases (1 in the last 5 years), 2003–2024 · leading case: Bank of N.Y. Mellon v. Klomsten, 911 N.W.2d 364 (Wis. Ct. App. 2018).
Bank of N.Y. Mellon v. Klomsten, 911 N.W.2d 364 (Wis. Ct. App. 2018). “§§ 403.201(1), 403.205(2). Thus, here, where the note is endorsed in blank, the Bank is entitled to a judgment of foreclosure on the mortgage, that secures the note, if it shows that it is entitled to enforce the note as the holder in possession of the note.”
Schmitz v. Firstar Bank Milwaukee, 2003 WI 21 (Wis. 2003). “Firstar Bank responded in its memorandum response in opposition to the plaintiffs motion for summary judgment before the circuit court that the plaintiff-payee's claim for conversion with regard to the larger check is actually governed by Wis.”
Lakeview Loan Servicing, LLC v. Jeremy M. Bastin (Wis. Ct. App. 2024). “¶10 Here, the note is endorsed in blank and, accordingly, in order to make a prima facie case that it is entitled to a judgment of foreclosure on the mortgage that secures the note, Lakeview must submit sufficient evidence showing that it possesses the note.”
Bank of N.Y. Mellon v. Bronson, 921 N.W.2d 17 (Wis. Ct. App. 2018). “§§ 403.201(1), 403.205(2). Thus, here, where the note is endorsed in blank, the Bank is entitled to a judgment of foreclosure on the mortgage, which secures the note, if it shows that it is entitled to enforce the note as the holder in possession of the note.”
Wis. Stat. § 403.201(1): 3 cases
Bank of N.Y. Mellon v. Klomsten, 911 N.W.2d 364 (Wis. Ct. App. 2018). “§§ 403.201(1), 403.205(2). Thus, here, where the note is endorsed in blank, the Bank is entitled to a judgment of foreclosure on the mortgage, that secures the note, if it shows that it is entitled to enforce the note as the holder in possession of the note.”
Lakeview Loan Servicing, LLC v. Jeremy M. Bastin (Wis. Ct. App. 2024). “¶10 Here, the note is endorsed in blank and, accordingly, in order to make a prima facie case that it is entitled to a judgment of foreclosure on the mortgage that secures the note, Lakeview must submit sufficient evidence showing that it possesses the note.”
Bank of N.Y. Mellon v. Bronson, 921 N.W.2d 17 (Wis. Ct. App. 2018). “§§ 403.201(1), 403.205(2). Thus, here, where the note is endorsed in blank, the Bank is entitled to a judgment of foreclosure on the mortgage, which secures the note, if it shows that it is entitled to enforce the note as the holder in possession of the note.”
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