Wisconsin § 893.36 - Secured livestock.
Full text of Wisconsin Wisconsin Statutes § 893.36 — Secured livestock., with citation guidance and answers to common questions.
§ 893.36. Secured livestock.
893.36(1g) (1g) In this section: 893.36(1g)(a) (a) “Buyer in ordinary course of business” has the meaning provided by s. 401.201 (2) (em) . 893.36(1g)(b) (b) “Collateral” has the meaning provided by s. 409.102 (1) (cs) . 893.36(1g)(c) (c) “Debtor” has the meaning provided by s. 409.102 (1) (gs) . 893.36(1g)(d) (d) “Market agency” means a person regularly engaged in the business of receiving, buying or selling livestock whether on a commission basis or otherwise. 893.36(1g)(e) (e) “Secured party” has the meaning provided by s. 409.102 (1) (rs) . 893.36(1g)(f) (f) “Security agreement” has the meaning provided by s. 409.102 (1) (s) . 893.36(1m) (1m) An action by a secured party to recover damages or property, based upon the sale of livestock which when sold is the secured party’s collateral, against the market agency which in the ordinary course of business conducts the auction of the livestock, or against a buyer in ordinary course of business shall be commenced within 2 years after the date of sale of the livestock, or be barred, if: 893.36(1m)(a) (a) The debtor signs or endorses any writing arising from the transaction, including a check or draft, which states that the sale of the livestock is permitted by the secured party; and 893.36(1m)(b) (b) The secured party does not commence an action, within 2 years after the date of sale of the livestock against the debtor for purposes of enforcing rights under the security agreement or an obligation secured by the security agreement. 893.36(2) (2) This section does not apply to actions based upon a sale of livestock occurring prior to April 3, 1980, nor to an action by a secured party against its debtor. Section
Frequently Asked Questions About Wisconsin § 893.36
What does Wisconsin Statutes § 893.36 cover?
Section 893.36 ("Secured livestock.") 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 § 893.36?
A common citation format is "Wisconsin Statutes § 893.36" (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 § 893.36 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.