Wis. Admin. Code Department of Financial Institutions DFI-CCS 1.01 - Definitions
(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.
(21) "Organization" means a legal
person that is not an individual.
(22) "Remitter" means a person who tenders a
UCC document to the filing officer for filing, whether the person is a filer or
an agent of a filer responsible for tendering the document for filing.
"Remitter" shall not include a person responsible merely for the delivery of
the document to the filing office, but may include a service provider who acts
as a filer's representative in the filing process.
Note: The postal service and a courier service are merely responsible for the delivery of the document to the filing office.
(23) "Secretary"
means the secretary of the department.
(24) "Secured party of record" has the
meaning set forth in s.
409.511, Stats.
(25) "Standard UCC filing" means any writing
presented to a filing officer for filing, presented on an 8 1/2 x 11 inch
standard UCC form as set forth in s.
409.521, Stats., which may
include the following:
(a) On UCC1, this may
include the attachment of one UCC1Ad.
(b) On UCC3, this may include the attachment
of UCC3Ad.
(26)
"Standard UCC form" means the forms set forth in s.
409.521, Stats.
(27) "Termination statement" has the meaning
set forth in s. 409.102 (1)
(tm), Stats.
(28) "UCC" means the uniform commercial code,
chs. 401 to 411, Stats.
(29) "UCC
document" means an initial financing statement, an amendment, an assignment, a
continuation, a termination or a correction statement. The word "document" in
the term "UCC document" shall not be deemed to refer exclusively to paper or
paper-based writings.
Note: This definition is used for the purpose of chs. DFI-CCS 1 to 7 only. The use of the term "UCC document" in these chapters shall have no relation to the definition of the term "document" in s. 409.102 (1)(hg), Stats. UCC documents may be expressed or transmitted electronically or through media other than these writings.
(30) "UCC index"
means a compilation of all index information as set forth in s.
409.519, Stats.
(31) "XML" means eXtensible Markup Language.
XML is a language for storing data and metadata.
(32) "XML document" means a UCC document
transmitted from a remitter to the filing officer in XML format and via
techniques authorized under this rule.
Notes
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