342.03 Motor vehicle, trailer or semitrailer leases. Notwithstanding s. 401.201 (2) (t) or ch. 409, a transaction involving a motor vehicle, trailer or semitrailer does not create a conditional sale or a security interest merely because it includes a provision that permits or requires the rental price to be adjusted under the agreement by reference to the amount realized upon the sale or other disposition of the motor vehicle, trailer or semitrailer.
History: 1991 a. 148; 2009 a. 320.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 342 - Vehicle title and anti-theft law.
342.01 - Words and phrases defined.
342.02 - Excepted liens and security interests.
342.03 - Motor vehicle, trailer or semitrailer leases.
342.05 - When certificate of title required.
342.06 - Application for certificate of title.
342.065 - Title for salvage vehicle.
342.07 - Title for repaired salvage vehicle.
342.08 - Department to examine records.
342.09 - When department to issue certificate and to whom; maintenance of records.
342.10 - Contents of certificate of title.
342.11 - Grounds for refusing issuance of certificate of title.
342.12 - Withholding certificate of title; bond.
342.13 - Lost, stolen or mutilated certificates.
342.15 - Transfer of interest in a vehicle.
342.155 - Mileage disclosure requirements of transferors and transferees.
342.156 - Transfers of leased motor vehicles.
342.157 - Motor vehicle salvage pools and auction companies to maintain records.
342.16 - Transfer to or from dealer.
342.17 - Involuntary transfers.
342.18 - When department to issue a new certificate.
342.19 - Perfection of security interests.
342.195 - Notification of person who has perfected security interest.
342.20 - Duties on creation of security interest.
342.21 - Assignment of security interest.
342.22 - Release of security interest.
342.23 - Secured party's and owner's duties.
342.24 - Method of perfecting exclusive.
342.245 - Electronic processing of certain applications.
342.25 - Suspension or revocation of certificate.
342.255 - Cancellation of title or registration.
342.30 - Identification numbers.
342.31 - Report of stolen or abandoned motor vehicles.
342.32 - Counterfeiting and unlawful possession of certificate of title.
342.33 - Sale of vehicle used as taxicab.
342.34 - Department to be notified of destruction or junking of vehicle.