Wisconsin § 766.01 - Definitions.

§ 766.01. Definitions.

In this chapter: 766.01(1) (1) “Acquiring” property includes reducing indebtedness on encumbered property and obtaining a lien on or security interest in property. 766.01(2) (2) “Appreciation” means a realized or unrealized increase in the value of property. 766.01(2m) (2m) 766.01(2m)(a) (a) Except as provided in pars. (b) and (c) , “credit” means the right granted by a creditor to defer payment of a debt, incur debt and defer its payment or purchase property or services and defer payment for the property or services. 766.01(2m)(b) (b) If used in connection with a transaction governed under chs. 421 to 427 , “credit” has the meaning specified in s. 421.301 (14) . 766.01(2m)(c) (c) Paragraph (a) does not apply to s. 766.56 (2) (c) and (d) . 766.01(2r) (2r) 766.01(2r)(a) (a) Except as provided in pars. (b) and (c) , “creditor” means a person that regularly extends credit. 766.01(2r)(b) (b) If used in connection with a transaction governed under chs. 421 to 427 , “creditor” has the meaning specified in s. 421.301 (16) . 766.01(2r)(c) (c) Paragraph (a) does not apply to s. 766.55 (3) to (4m) , 766.56 (2) (c) and (d) or 766.61 (4) . 766.01(3) (3) “Decree” means a judgment or other order of a court. 766.01(3m) (3m) “Deferred employment benefit” means a benefit from a deferred employment benefit plan. 766.01(4) (4) 766.01(4)(a) (a) “Deferred employment benefit plan” means a plan, fund, program or other arrangement under which compensation or benefits from employment are expressly, or as a result of surrounding circumstances, deferred to a later date or the happening of a future event. “Deferred employment benefit plan” includes but is not limited to a pension, profit sharing or stock-bonus plan, an employee stock-ownership or stock-purchase plan, a savings or thrift plan, an annuity plan, a qualified bond-purchase plan, a self-employed retirement plan, a simplified employee pension and a deferred compensation agreement or plan. 766.01(4)(b) (b) “Deferred employment benefit plan” does not include life, health, accident or other insurance or a plan, fund, program or other arrangement providing benefits similar to insurance benefits, except to the extent that benefits under the plan: 766.01(4)(b)1. 1. Have a present value that is immediately realizable in cash at the option of the employee; 766.01(4)(b)2. 2. Constitute an unearned premium for the coverage; 766.01(4)(b)3. 3. Represent a right to compensation for loss of income during disability; or 766.01(4)(b)4. 4. Represent a right to payment of expenses incurred before time of valuation. 766.01(5) (5) “Determination date” means the last to occur of the following: 766.01(5)(a) (a) Marriage. 766.01(5)(b) (b) 12:01 a.m. on the date that both spouses are domiciled in this state. 766.01(5)(c) (c) 12:01 a.m. on January 1, 1986. 766.01(6) (6) “Disposition at death” means transfer of property by will, intestate succession, nontestamentary transfer or other means that takes effect at the transferor’s death. 766.01(7) (7) “Dissolution” means termination of a marriage by a decree of dissolution, divorce, annulment or declaration of invalidity or entry of a decree of legal separation or separate maintenance. The term does not include a decree resulting from an action available under ch. 767 which is not an annulment, a divorce or a legal separation. 766.01(8) (8) “During marriage” means a period in which both spouses are domiciled in this state that begins at the determination date and ends at dissolution or at the death of a spouse. 766.01(9) (9) 766.01(9)(a) (a) Except as provided in pars. (b) to (f) , property is “held” by a person only if a document of title to the property is registered, recorded, or filed in a public office in the name of the person or a writing that customarily operates as a document of title to the type of property is issued for the property in the person’s name. 766.01(9)(b) (b) An account is “held” by the person who, by the terms of the account, has a present right, subject to request, to payment from the account other than as an agent. Accounts that are so “held” include accounts under s. 705.01 (1) and brokerage accounts. 766.01(9)(c) (c) An uncertificated security, as defined under s. 408.102 (1) (r) , is “held” by the person identified as the registered owner of the security upon books maintained for that purpose by or on behalf of the issuer. If the registered owner of an uncertificated security is identified as a brokerage account, the security is “held” as provided under par. (b) . 766.01(9)(d) (d) The property rights, as specified and described in ss. 178.0401 (1) ,