Wisconsin Statutes
Wis. Stat. § 409.507 (2026)
Effect of certain events on effectiveness of financing statement
✓ current as of July 2026
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409.507(1)(1) Disposition. A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition.
409.507(2)(2) Information becoming seriously misleading. Except as otherwise provided in sub. (3) and s. 409.508, a financing statement is not rendered ineffective if, after the financing statement is filed, the information provided in the financing statement becomes seriously misleading under s. 409.506.
409.507(3)(3) Change in debtor’s name. If the name that a filed financing statement provides for a debtor becomes insufficient as the name of the debtor under s. 409.503 (1) so that the financing statement becomes seriously misleading under s. 409.506:
409.507(3)(a)(a) The financing statement is effective to perfect a security interest in collateral acquired by the debtor before, or within 4 months after, the filed financing statement becomes seriously misleading; and
409.507(3)(b)(b) The financing statement is not effective to perfect a security interest in collateral acquired by the debtor more than 4 months after the filed financing statement becomes seriously misleading, unless an amendment to the financing statement which renders the financing statement not seriously misleading is filed within 4 months after the financing statement became seriously misleading.
Notes of Decisions
Cited in 4
cases, 1979–2001 · leading case: Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001).
Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001). “506 which deals with redemption of collateral; (e) Section 409.507(1) which deals with the secured party's liability for failure to comply with ss.”
River Valley State Bank v. Peterson, 453 N.W.2d 193 (Wis. Ct. App. 1990). “The narrow issue on appeal relates to the measure of damages in cases involving the "any loss" provision of sec. 409.507(1), Stats. Because the bank did not suffer a loss, *444 the judgment is reversed and the matter is remanded to the circuit court with directions to dismiss…”
Appleton State Bank v. Van Dyke Ford, Inc., 279 N.W.2d 443 (Wis. 1979). “” Sec. 409.507(2), Stats., (1973) : “409.507.”
First Nat'l Bank of Kenosha v. Hinrichs, 279 N.W.2d 449 (Wis. 1979). “” Sec. 409.507(2), Stats., (1973) : “409.507.”
— Wis. Stat. § 409.507(1) — 2 cases
Nat'l Operating, L.P. v. Mut. Life Ins., 2001 WI 87 (Wis. 2001). “506 which deals with redemption of collateral; (e) Section 409.507(1) which deals with the secured party's liability for failure to comply with ss.”
River Valley State Bank v. Peterson, 453 N.W.2d 193 (Wis. Ct. App. 1990). “The narrow issue on appeal relates to the measure of damages in cases involving the "any loss" provision of sec. 409.507(1), Stats. Because the bank did not suffer a loss, *444 the judgment is reversed and the matter is remanded to the circuit court with directions to dismiss…”
— Wis. Stat. § 409.507(2) — 2 cases
Appleton State Bank v. Van Dyke Ford, Inc., 279 N.W.2d 443 (Wis. 1979). “” Sec. 409.507(2), Stats., (1973) : “409.507.”
First Nat'l Bank of Kenosha v. Hinrichs, 279 N.W.2d 449 (Wis. 1979). “” Sec. 409.507(2), Stats., (1973) : “409.507.”
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