Wisconsin Statutes
Wis. Stat. § 409.303 (2026)
Law governing perfection and priority of security interests in goods covered by a certificate of title
✓ current as of July 2026
Find cases:
SyfertCases citing this section
WI-LEGdocs.legis.wisconsin.gov
JustiaChapter on Justia
CornellLII Search
CasesGoogle Scholar
409.303409.303 Law governing perfection and priority of security interests in goods covered by a certificate of title.
409.303(1)(1) Applicability of section. This section applies to goods covered by a certificate of title, even if there is no other relationship between the jurisdiction under whose certificate of title the goods are covered and the goods or the debtor.
409.303(2)(2) When goods covered by certificate of title. Goods become covered by a certificate of title when a valid application for the certificate of title and the applicable fee are delivered to the appropriate authority. Goods cease to be covered by a certificate of title at the earlier of the time the certificate of title ceases to be effective under the law of the issuing jurisdiction or the time the goods become covered subsequently by a certificate of title issued by another jurisdiction.
409.303(3)(3) Applicable law. The local law of the jurisdiction under whose certificate of title the goods are covered governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in goods covered by a certificate of title from the time the goods become covered by the certificate of title until the goods cease to be covered by the certificate of title.
Notes of Decisions
Cited in 3
cases, 1986–2002 · leading case: United States v. Fullpail Cattle Sales, Inc., 640 F. Supp. 976 (E.D. Wis. 1986).
United States v. Fullpail Cattle Sales, Inc., 640 F. Supp. 976 (E.D. Wis. 1986). “” Wis.Stat. § 409.303(1). Moreover, a properly filed financing statement will serve to perfect a second security interest created by a later agreement between the same creditor and debtor covering the same collateral.”
Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Van Kylen (In Re Van Kylen), 98 B.R. 455 (Bankr. W.D. Wis. 1989). “§ 409.303(1) (1987-88). A security interest “attaches” when the following events have occurred: (a)The collateral is in the possession of the secured party pursuant to agreement, or the debtor has signed a security agreement which contains a description of the collateral .”
Am. Wood Dryers, Inc. v. Bombardier Capital, Inc., 305 F. Supp. 2d 966 (W.D. Wis. 2002). “” Wis. Stat. § 409.303 (1). A lender with the security interest that has the highest priority has a number of remedies available, including repossession and sale of the collateral in order to satisfy the debt.”
— Wis. Stat. § 409.303(1) — 2 cases
United States v. Fullpail Cattle Sales, Inc., 640 F. Supp. 976 (E.D. Wis. 1986). “” Wis.Stat. § 409.303(1). Moreover, a properly filed financing statement will serve to perfect a second security interest created by a later agreement between the same creditor and debtor covering the same collateral.”
Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Van Kylen (In Re Van Kylen), 98 B.R. 455 (Bankr. W.D. Wis. 1989). “§ 409.303(1) (1987-88). A security interest “attaches” when the following events have occurred: (a)The collateral is in the possession of the secured party pursuant to agreement, or the debtor has signed a security agreement which contains a description of the collateral .”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.