Wisconsin § 409.208 - Additional duties of secured party having control of collateral.
Full text of Wisconsin Wisconsin Statutes § 409.208 — Additional duties of secured party having control of collateral., with citation guidance and answers to common questions.
§ 409.208. Additional duties of secured party having control of collateral.
409.208(1) (1) Applicability of section. This section applies to cases in which there is no outstanding secured obligation and the secured party is not committed to make advances, incur obligations, or otherwise give value. 409.208(2) (2) Duties of secured party after receiving demand from debtor. Within 10 days after receiving an authenticated demand by the debtor: 409.208(2)(a) (a) A secured party having control of a deposit account under s. 409.104 (1) (b) shall send to the bank with which the deposit account is maintained an authenticated statement that releases the bank from any further obligation to comply with instructions originated by the secured party; 409.208(2)(b) (b) A secured party having control of a deposit account under s. 409.104 (1) (c) shall: 409.208(2)(b)1. 1. Pay the debtor the balance on deposit in the deposit account; or 409.208(2)(b)2. 2. Transfer the balance on deposit into a deposit account in the debtor’s name; 409.208(2)(c) (c) A secured party, other than a buyer, having control of electronic chattel paper under s.
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 409.208
What does Wisconsin Statutes § 409.208 cover?
Section 409.208 ("Additional duties of secured party having control of collateral.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wisconsin § 409.208?
A common citation format is "Wisconsin Statutes § 409.208" (Wisconsin). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 409.208 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wisconsin.