Wisconsin Administrative Code › Department of Financial Institutions › DFI-CCS 1-25 - Department of Financial Institutions-Corporate and Consumer Services › Chapter DFI-CCS 1 - UNIFORM COMMERCIAL CODE SECTION › Section DFI-CCS 1.01 - Definitions

Current through June 24, 2024
(1) "Active filing" means a UCC document that
				has not reached the one-year anniversary of its lapse date.
(2) "Amendment" means a UCC document that
				amends the information contained in a financing statement. Amendment includes
				an assignment, continuation and termination.
(3) "Assignment" means an amendment that
				assigns all or part of a secured party's power to authorize an amendment to a
				financing statement.
(4)
				"Continuation statement" has the meaning set forth in s.
				409.102 (1)
				(gm), Stats.
(5) "Correction statement" filed under s.
				409.518, Stats., means a UCC
				document that indicates that a financing statement is inaccurate or wrongfully
				filed.
(6) "Department" means the
				department of financial institutions.
(7) "File number" has the meaning set forth
				in ss. 409.102 (1)
				(is) and
				409.519 (2),
				Stats.
(8) "Filing agent of the
				department" means any office duly authorized by the department to receive
				documents under ch. 409, Stats.
(9)
				"Filing office" means the department or a filing agent of the
				department.
(10) "Filing officer"
				means the UCC section of the department.
(11) "Filing officer statement" means a
				statement of correction entered into the filing office's information management
				system to correct an error by the filing officer.
(12) "Financing statement" has the meaning
				set forth in s. 409.102 (1)
				(jm), Stats.
(13) "Inactive filing" means a UCC record
				that has reached the first anniversary of its lapse date.
(14) "Index" means information that is
				entered into the filing office's information management system to create a
				means by which to retrieve filing information.
(15) "Individual" means a human being, or a
				decedent in the case of a debtor that is the decedent's estate.
(16) "Initial financing statement" means a
				UCC document containing the information required to be in an initial financing
				statement and that causes the filing office to establish the initial record of
				existence of a financing statement that does not identify itself as an
				amendment or identify an initial financing statement.
(17) "Lapse date" means the expiration date
				for an initial financing statement set forth in s.
				409.515, Stats.
(18) "Lapsed filing" means a UCC document
				that has reached its expiration date.
(19) "Land recording office" means an office
				as set forth in s. 409.501 (1)
				(a), Stats.
(20) "Nonstandard UCC filing" means any of
				the following:
(a) The standard initial
				financing statement ("UCC1") which includes two or more UCC financing statement
				addendums ("UCC1ad"), or the standard amendment ("UCC3") which includes two or
				more UCC amendment addendums ("UCC3ad") as set forth in Wis. Stat. s.
				409.521.
(b) The standard form to which is attached
				writings which are not set forth in s.
				409.521, Stats.
(c) Any other writings, which do not conform
				to the standard forms, set forth in s.
				409.521, Stats.