Wis. Stat. » CHAPTER 409 — UNIFORM COMMERCIAL CODE — SECURED TRANSACTIONS
Wisconsin Statutes

Wis. Stat. § 409.320 (2026)

Buyer of goods

✓ current as of July 2026
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409.320409.320 Buyer of goods.
409.320(1)(1) Buyer in ordinary course of business. Except as otherwise provided in sub. (5), a buyer in ordinary course of business, other than a person buying farm products from a person engaged in farming operations, takes free of a security interest created by the buyer’s seller, even if the security interest is perfected and the buyer knows of its existence.
409.320(2)(2) Buyer of consumer goods. Except as otherwise provided in sub. (5), a buyer of goods from a person who used or bought the goods for use primarily for personal, family, or household purposes takes free of a security interest, even if perfected, if the buyer buys:
409.320(2)(a)(a) Without knowledge of the security interest;
409.320(2)(b)(b) For value;
409.320(2)(c)(c) Primarily for the buyer’s personal, family, or household purposes; and
409.320(2)(d)(d) Before the filing of a financing statement covering the goods.
409.320(3)(3) Effectiveness of filing for sub. (2). To the extent that it affects the priority of a security interest over a buyer of goods under sub. (2), the period of effectiveness of a filing made in the jurisdiction in which the seller is located is governed by s. 409.316 (1) and (2).
409.320(4)(4) Buyer in ordinary course of business at wellhead or minehead. A buyer in ordinary course of business buying oil, gas, or other minerals at the wellhead or minehead or after extraction takes free of an interest arising out of an encumbrance.
409.320(5)(5) Possessory security interest not affected. Subsections (1) and (2) do not affect a security interest in goods in the possession of the secured party under s. 409.313.
409.320 HistoryHistory: 2001 a. 10.
Notes of Decisions
Cited in 1 case, 2012–2012 · leading case: Arthur Glick Truck Sales, Inc. v. Stuphen East Corp., 914 F. Supp. 2d 529 (S.D.N.Y. 2012).
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Arthur Glick Truck Sales, Inc. v. Stuphen East Corp., 914 F. Supp. 2d 529 (S.D.N.Y. 2012). · cites it 5× “Law § 9-320 (a); Wis. Stat. Ann. § 409.320 (1). Second, under operation of the Bankruptcy Code, the trustee of Wolverine’s bankruptcy estate possessed the rights and interests of an ideal lien creditor against the estate.”
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