reglab/housing_qa huggingface dataset:
WI Stat § 409.709 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.709 - Priority.

409.709  Priority. (1) Law governing priority. 2001 Wisconsin Act 10 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, ch. 409, 1999 stats., determines priority. (2)  Priority if security interest becomes enforceable under s. 409.203. For purposes of s. 409.322 (1), the priority of a security interest that becomes enforceable under s. 409.203 dates from July 1, 2001, if the security interest is perfected under 2001 Wisconsin Act 10 by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under ch. 409, 1999 stats. This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.History:  2001 a. 10.
WI Stat § 409.802 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.802 - Savings clause.

409.802  Savings clause. (1) Preeffective-date transactions or liens. Except as otherwise provided in this subchapter, 2011 Wisconsin Act 206 applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. (2)  Preeffective-date proceedings. 2011 Wisconsin Act 206 does not affect an action, case, or proceeding commenced before July 1, 2013.History:  2011 a. 206.
WI Stat § 409.803 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.803 - Security interest perfected before effective date.

409.803  Security interest perfected before effective date. (1) Continuing perfection: perfection requirements satisfied. A security interest that is a perfected security interest immediately before July 1, 2013, is a perfected security interest under this chapter, as affected by 2011 Wisconsin Act 206 if, on July 1, 2013, the applicable requirements for attachment and perfection under this chapter, as affected by 2011 Wisconsin Act 206 are satisfied without further action. (2)  Continuing perfection: perfection requirements not satisfied. Except as otherwise provided in s. 409.805, if, immediately before July 1, 2013, a security interest is a perfected security interest, but the applicable requirements for perfection under this chapter, as affected by 2011 Wisconsin Act 206 are not satisfied as of July 1, 2013, the security interest remains perfected thereafter only if the applicable requirements for perfection under this chapter, as affected by 2011 Wisconsin Act 206, are satisfied within one year after July 1, 2013.History:  2011 a. 206.
WI Stat § 409.804 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.804 - Security interest unperfected before effective date.

409.804  Security interest unperfected before effective date. A security interest that is an unperfected security interest immediately before July 1, 2013, becomes a perfected security interest: (1) Without further action, on July 1, 2013, if the applicable requirements for perfection under this chapter, as affected by 2011 Wisconsin Act 206, are satisfied before or at that time; or (2) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.History:  2011 a. 206.
WI Stat § 409.806 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.806 - When initial financing statement suffices to continue effectiveness of financing statement.

409.806  When initial financing statement suffices to continue effectiveness of financing statement. (1) Initial financing statement in lieu of continuation statement. The filing of an initial financing statement in the office specified in s. 409.501 continues the effectiveness of a financing statement filed before July 1, 2013, if:(a) The filing of an initial financing statement in that office would be effective to perfect a security interest under this chapter, as affected by 2011 Wisconsin Act 206;(b) The preeffective-date financing statement was filed in an office in another state; and(c) The initial financing statement satisfies sub. (3). (2)  Period of continued effectiveness. The filing of an initial financing statement under sub. (1) continues the effectiveness of the preeffective-date financing statement:(a) If the initial financing statement is filed before July 1, 2013, for the period provided in s. 409.515, 2009 stats., with respect to an initial financing statement; and(b) If the initial financing statement is filed on or after July 1, 2013, for the period provided in s. 409.515, as affected by 2011 Wisconsin Act 206, with respect to an initial financing statement. (3)  Requirements for initial financing statement under sub. (1). To be effective for purposes of sub. (1), an initial financing statement must:(a) Satisfy the requirements of subch. V, as affected by 2011 Wisconsin Act 206, for an initial financing statement;(b) Identify the preeffective-date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and(c) Indicate that the preeffective-date financing statement remains effective.History:  2011 a. 206.
WI Stat § 409.807 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.807 - Amendment of preeffective-date financing statement.

409.807  Amendment of preeffective-date financing statement. (1) Preeffective-date financing statement. In this section, “preeffective-date financing statement" means a financing statement filed before July 1, 2013. (2)  Applicable law. On or after July 1, 2013, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a preeffective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in this chapter, as affected by 2011 Wisconsin Act 206. However, the effectiveness of a preeffective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed. (3)  Method of amending: general rule. Except as otherwise provided in sub. (4), if the law of this state governs perfection of a security interest, the information in a preeffective-date financing statement may be amended on or after July 1, 2013, only if:(a) The preeffective-date financing statement and an amendment are filed in the office specified in s. 409.501;(b) An amendment is filed in the office specified in s. 409.501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies s. 409.806 (3); or(c) An initial financing statement that provides the information as amended and satisfies s. 409.806 (3) is filed in the office specified in s. 409.501. (4)  Method of amending: continuation. If the law of this state governs perfection of a security interest, the effectiveness of a preeffective-date financing statement may be continued only under s. 409.805 (3) and (5) or 409.806. (5)  Method of amending: additional termination rule. Whether or not the law of this state governs perfection of a security interest, the effectiveness of a preeffective-date financing statement filed in this state may be terminated on or after July 1, 2013, by filing a termination statement in the office in which the preeffective-date financing statement is filed, unless an initial financing statement that satisfies s. 409.806 (3) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in this chapter, as affected by 2011 Wisconsin Act 206, as the office in which to file a financing statement.History:  2011 a. 206.
WI Stat § 409.808 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.808 - Persons entitled to file initial financing statement or continuation statement.

409.808  Persons entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this subchapter if: (1) The secured party of record authorizes the filing; and (2) The filing is necessary under this subchapter:(a) To continue the effectiveness of a financing statement filed before July 1, 2013; or(b) To perfect or continue the perfection of a security interest.History:  2011 a. 206.
WI Stat § 409.809 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 409 - Uniform commercial code — secured transactions.|409.809 - Priority.

409.809  Priority. 2011 Wisconsin Act 206 determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2013, ch. 409, 2009 stats., determines priority. History:  2011 a. 206.
WI Stat § 410.101 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.101 - Short title.

410.101  Short title. This chapter may be cited as uniform commercial code — funds transfers.History:  1991 a. 304.
WI Stat § 410.102 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.102 - Subject matter.

410.102  Subject matter. Except as otherwise provided in s. 410.108, this chapter applies to funds transfers as defined in s. 410.104 (1).History:  1991 a. 304.
WI Stat § 410.103 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.103 - Payment order; definitions.

410.103  Payment order; definitions. (1) In this chapter:(a) “Beneficiary" means the person to be paid by the beneficiary's bank.(b) “Beneficiary's bank" means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if the order does not provide for payment to an account.(c) “Payment order" means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if all of the following apply:1. The instruction does not state a condition to payment to the beneficiary other than time of payment.2. The receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender.3. The instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.(d) “Receiving bank" means the bank to which the sender's instruction is addressed.(e) “Sender" means the person giving the instruction to the receiving bank and includes a customer described in s. 410.202 (4). (2) If an instruction complying with sub. (1) (c) is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment. (3) A payment order is issued when it is sent to the receiving bank.History:  1991 a. 304.
WI Stat § 410.104 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.104 - Funds transfer; definitions.

410.104  Funds transfer; definitions. In this chapter: (1) “Funds transfer" means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. “Funds transfer" includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order. (2) “Intermediary bank" means a receiving bank other than the originator's bank or the beneficiary's bank. (3) “Originator" means the sender of the first payment order in a funds transfer. (4) “Originator's bank" means the receiving bank to which the payment order of the originator is issued if the originator is not a bank or the originator if the originator is a bank.History:  1991 a. 304.
WI Stat § 410.105 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.105 - Other definitions.

410.105  Other definitions. (1) In this chapter:(a) “Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.(b) “Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter.(c) “Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.(d) “Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and for cancellations and amendments of payment orders.(e) “Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.(f) “Good faith" means honesty in fact and the observance of reasonable commercial standards of fair dealing.(g) “Prove" with respect to a fact means to meet the burden of establishing the fact. (2) Other definitions applying to this chapter and the sections in which they appear are:(a) “Acceptance" — s. 410.209.(b) “Beneficiary" — s. 410.103 (1) (a).(c) “Beneficiary's bank" — s. 410.103 (1) (b).(d) “Executed" — s. 410.301 (1).(e) “Execution date" — s. 410.301 (2).(f) “Funds transfer" — s. 410.104 (1).(g) “Funds-transfer system rule" — s. 410.501 (2) (a).(h) “Intermediary bank" — s. 410.104 (2).(i) “Originator" — s. 410.104 (3).(j) “Originator's bank" — s. 410.104 (4).(k) “Payment by beneficiary's bank to beneficiary" — s. 410.405.(L) “Payment by originator to beneficiary" — s. 410.406.(m) “Payment by sender to receiving bank" — s. 410.403.(n) “Payment date" — s. 410.401.(p) “Payment order" — s. 410.103 (1) (c).(q) “Receiving bank" — s. 410.103 (1) (d).(r) “Security procedure" — s. 410.201.(s) “Sender" — s. 410.103 (1) (e). (3) The following definitions in ch. 404 apply to this chapter:(a) “Clearinghouse" — s. 404.104 (1) (d).(b) “Item" — s. 404.104 (1) (i).(c) “Suspends payments" — s. 404.104 (1) (L). (4) In addition ch. 401 contains general definitions and principles of construction and interpretation applicable throughout this chapter.History:  1991 a. 304; 1995 a. 449.
WI Stat § 410.106 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.106 - Time payment order is received.

410.106  Time payment order is received. (1) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in s. 401.202 (6). A receiving bank may fix a cutoff time or times on a funds-transfer business day for the receipt and processing of payment orders and communications canceling or amending payment orders. Different cutoff times may apply to payment orders, cancellations, or amendments, or to different categories of payment orders, cancellations, or amendments. A cutoff time may apply to senders generally or different cutoff times may apply to different senders or categories of payment orders. If a payment order or communication canceling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cutoff time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day. (2) If this chapter refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this chapter.History:  1991 a. 304; 2003 a. 321; 2009 a. 320.
WI Stat § 410.107 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.107 - Federal reserve regulations and operating circulars.

410.107  Federal reserve regulations and operating circulars. Regulations of the board of governors of the federal reserve system and operating circulars of the federal reserve banks supersede any inconsistent provision of this chapter to the extent of the inconsistency.History:  1991 a. 304.
WI Stat § 410.108 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.108 - Relationship to Electronic Fund Transfer Act.

410.108  Relationship to Electronic Fund Transfer Act. (1) Except as provided in sub. (2), this chapter does not apply to a funds transfer any part of which is governed by the electronic fund transfer act, 15 USC 1693 to 1693r. (2) This chapter applies to a funds transfer that is a remittance transfer, as defined in 15 USC 1693o-1, unless the remittance transfer is an electronic fund transfer, as defined in 15 USC 1693a. (3) In a funds transfer to which this chapter applies, in the event of an inconsistency between an applicable provision of this chapter and an applicable provision of the electronic fund transfer act, the provision of the electronic fund transfer act governs to the extent of the inconsistency.History:  1991 a. 304; 2013 a. 33.
WI Stat § 410.201 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.201 - Security procedure.

410.201  Security procedure. “Security procedure" means a procedure established by agreement of a customer and a receiving bank to verify that a payment order or communication amending or canceling a payment order is that of the customer or to detect error in the transmission or the content of the payment order or communication. A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.History:  1991 a. 304.
WI Stat § 410.202 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.202 - Authorized and verified payment orders.

410.202  Authorized and verified payment orders. (1) A payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order or is otherwise bound by it under the law of agency. (2) (a) If a bank and its customer have agreed that the authenticity of payment orders issued to the bank in the name of the customer as sender will be verified pursuant to a security procedure, a payment order received by the receiving bank is effective as the order of the customer, whether or not authorized, if all of the following apply:1. The security procedure is a commercially reasonable method of providing security against unauthorized payment orders.2. The bank proves that it accepted the payment order in good faith and in compliance with the security procedure and any written agreement or instruction of the customer restricting acceptance of payment orders issued in the name of the customer.(b) The bank is not required to follow an instruction that violates a written agreement with the customer or notice of which is not received at a time and in a manner affording the bank a reasonable opportunity to act on it before the payment order is accepted. (3) Commercial reasonableness of a security procedure is a question of law to be determined by considering the wishes of the customer that are expressed to the bank, the circumstances of the customer known to the bank, including the size, type, and frequency of payment orders normally issued by the customer to the bank, alternative security procedures offered to the customer, and security procedures in general use by customers and receiving banks similarly situated. A security procedure is considered to be commercially reasonable if all of the following apply:(a) The security procedure was chosen by the customer after the bank offered, and the customer refused, a security procedure that was commercially reasonable for that customer.(b) The customer expressly agreed in writing to be bound by any payment order, whether or not authorized, issued in the customer's name and accepted by the bank in compliance with the security procedure chosen by the customer. (4) In this chapter, “sender" includes the customer in whose name a payment order is issued if the order is the authorized order of the customer under sub. (1), or it is effective as the order of the customer under sub. (2). (5) This section applies to amendments and cancellations of payment orders to the same extent that it applies to payment orders. (6) Except as provided in this section and in s. 410.203 (1) (a), rights and obligations arising under this section or s. 410.203 may not be varied by agreement.History:  1991 a. 304.
WI Stat § 410.203 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 410 - Uniform commercial code — funds transfers.|410.203 - Unenforceability of certain verified payment orders.

410.203  Unenforceability of certain verified payment orders. (1) If an accepted payment order is not, under s. 410.202 (1), an authorized order of a customer identified as sender, but is effective as an order of the customer pursuant to s. 410.202 (2), the following rules apply:(a) By express written agreement, the receiving bank may limit the extent to which it is entitled to enforce or retain payment of the payment order.(b) The receiving bank is not entitled to enforce or retain payment of the payment order if the customer proves that the order was not caused, directly or indirectly, by any of the following:1. A person entrusted at any time with duties to act for the customer with respect to payment orders or the security procedure.2. A person who obtained access to transmitting facilities of the customer or who obtained, from a source controlled by the customer and without authority of the receiving bank, information facilitating breach of the security procedure, regardless of how the information was obtained or whether the customer was at fault. Information includes any access device, computer software, or the like. (2) This section applies to amendments of payment orders to the same extent that it applies to payment orders.History:  1991 a. 304.A bank that received an electronic transfer of funds, with incomplete instructions, and deposited the funds into an account in which the account owner had granted a security interest to a creditor who had a rightful claim to the funds was liable to the secured creditor for the amount of the transfer when the bank subsequently transferred the funds to another account of the account owner who absconded with the funds. General Electric Capital Corp. v. Central Bank, 49 F.3d 280 (1995).