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ARTICLE · 02 SEPTEMBER 2013

Wisconsin Financing Statements: Updated Forms Now Required

Reinhart, Boerner, Van Deuren SC
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A Wisconsin Mortgage May Serve as a Fixture Filing Financing Statement, we regularly opine on the required financing statement form and proper filing location for collateral located in Wisconsin as part of our typical local counsel opinion review process for commercial loan transactions.

United StatesReal Estate and Construction
Nathan Wautier
Nathan Wautier
John Murphy
John Murphy
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As we noted in one of our May 2013 publications, A Wisconsin Mortgage May Serve as a Fixture Filing Financing Statement, we regularly opine on the required financing statement form and proper filing location for collateral located in Wisconsin as part of our typical local counsel opinion review process for commercial loan transactions. Like most other states, Wisconsin adopted revised Article 9 of the Uniform Commercial Code (UCC), effective July 1, 2001, with relatively few modifications. Accordingly, any filings that do not comply with these 2001 UCC requirements became ineffective in Wisconsin on July 1, 2006.

Occasionally, tweaks are made to either the UCC or the forms required to properly secure loan collateral by the UCC's governing agency, the International Association of Commercial Administrators (IACA). (As an aside, the IACA's 37th Annual Conference will be held in Milwaukee, Wisconsin, May 18-22, 2014 and we look forward to the opportunity to visit with

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