{"data":{"id":"us-wi/wis.-stat.-409.704","jurisdiction":"us-wi","citation":"Wis. Stat. § 409.704","heading":"Security interest unperfected before effective date.","body":"A security interest that is enforceable immediately before July 1, 2001, but which would be subordinate to the rights of a person that becomes a lien creditor at that time:\n(1) Remains an enforceable security interest for one year after July 1, 2001;\n(2) Remains enforceable on and after one year after July 1, 2001, if the security interest becomes enforceable under s. 409.203 on July 1, 2001, or within one year thereafter; and\n(3) Becomes perfected:\n(a) Without further action, on July 1, 2001, if the applicable requirements for perfection under 2001 Wisconsin Act 10 are satisfied before or at that time; or\n(b) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 409 Uniform Commercial Code — Secured Transactions","SUBCHAPTER VII TRANSITION"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/409.704","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:23Z","sha256":"0c1f6415d79c66aa564a21085f5150ea1733229ae26f857c1ab516b3f2319a2e","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-409.703","next":"us-wi/wis.-stat.-409.705"},"notice":"GroundRules: Original legal text. Not legal advice."}