Wisconsin UCC1 Financing Statement Wisconsin Form
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Where to file UCC in Wisconsin?
All other UCC filings are to be made with the Department of Financial Institutions (DFI), Uniform Commercial Code Section, P.O. Box 7847, Madison, WI 53707-7847. Standard forms may be obtained from the DFI website: http://.wdfi.org/ucc. Paper forms may be printed, completed and submitted for filing.
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Does Wisconsin follow the Uniform Trust Code?
With its adoption of the WTC, Wisconsin became the 27th state to enact the Uniform Trust Code—a model law designed to modernize the law governing trusts.
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What states do not follow the UCC?
Currently, every U.S. state and the District of Columbia have individually adopted at least part of the UCC. Each jurisdiction may make its own modifications or organize it differently. Louisiana, as an example, has never adopted Article 2 of the UCC.
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What are the requirements for a UCC-1 financing statement?
Legal requirements for the UCC-1 In order for a UCC-1 to hold weight in a legal proceeding, it must include the exact legal name of the debtor, the collateral included in the lien and the name of the secured party.
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Does Wisconsin follow the UCC?
Wisconsin has adopted the following Articles of the UCC: Article 3: Negotiable instruments: UCC Article 3 applies to negotiable instruments.
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Does the UCC apply to all states?
Because the UCC has been universally adopted, businesses can enter into contracts with confidence that the terms will be enforced in the same way by the courts of every American jurisdiction.
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What is UCC in Wisconsin?
The Uniform Commercial Code (UCC) Section of the Division of Corporate & Consumer Services at the Department of Financial Institutions examines and files documents under the Uniform Commercial Code, including statements of business indebtedness, consignments, terminations, and financing statements and maintains the ...
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Where should UCC financing statements be filed?
In all cases, you should file a UCC-1 with the secretary of state's office in the state where the debtor is incorporated or organized (if a business), or lives (if an individual).
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