411.301 Enforceability of lease contract. Except as otherwise provided in this chapter, a lease contract is effective and enforceable according to its terms between the parties, against purchasers of the goods and against creditors of the parties. History: 1991 a. 148.
411.302 Title to and possession of goods. Except as otherwise provided in this chapter, this chapter applies whether the lessor or a 3rd party has title to the goods, and whether the lessor, the lessee, or a 3rd party has possession of the goods, notwithstanding any statute or rule of law that possession or the […]
411.303 Alienability of party’s interest under lease contract or of lessor’s residual interest in goods; delegation of performance; transfer of rights. (1) In this section, “creation of a security interest” includes the sale of a lease contract that is subject to ch. 409 under s. 409.109 (1) (c). (2) Except as provided in sub. (3) […]
411.304 Subsequent lease of goods by lessor. (1) (a) Subject to s. 411.303, a subsequent lessee from a lessor of goods under an existing lease contract obtains, to the extent of the leasehold interest transferred, the leasehold interest in the goods that the lessor had or had power to transfer, and except as provided in […]
411.305 Sale or sublease of goods by lessee. (1) (a) Subject to s. 411.303, a buyer or sublessee from the lessee of goods under an existing lease contract obtains, to the extent of the interest transferred, the leasehold interest in the goods that the lessee had or had power to transfer, and, except as provided […]
411.306 Priority of certain liens arising by operation of law. If a person in the ordinary course of his or her business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those […]
411.307 Priority of liens arising by attachment or levy on, security interests in, and other claims to goods. (1) Except as provided in s. 411.306, a creditor of a lessee takes subject to the lease contract. (2) Except as provided in sub. (3) and ss. 411.306 and 411.308, a creditor of a lessor takes subject […]
411.308 Special rights of creditors. (1) A creditor of a lessor in possession of goods subject to a lease contract may treat the lease contract as void if as against the creditor retention of possession by the lessor is fraudulent under any statute or rule of law, but retention of possession in good faith and […]
411.309 Lessor’s and lessee’s rights when goods become fixtures. (1) In this section: (a) “Construction mortgage” means a mortgage that secures an obligation incurred for the construction of an improvement on land including the acquisition cost of the land, if the recorded writing so indicates. (b) “Encumbrance” includes real estate mortgages and other liens on […]
411.310 Lessor’s and lessee’s rights when goods become accessions. (1) In this section, “accessions” means goods that are installed in or affixed to other goods. (2) The interest of a lessor or a lessee under a lease contract entered into before the goods become accessions is superior to all interests in the whole except as […]
411.311 Priority subject to subordination. Nothing in this chapter prevents subordination by agreement by any person entitled to priority. History: 1991 a. 148.
