700.01 Definitions. In this chapter, unless the context indicates otherwise:
(1) “Bill of sale" means an instrument evidencing a sale of tangible personal property which names the seller and buyer and describes the property sold.
(2) “Document of title" means a document which is evidence of ownership of certain kinds of personal property, tangible or intangible, the ownership of which may be transferred by transfer of the document; it includes but is not limited to an investment security, a negotiable instrument and a certificate of title to tangible personal property; it does not include items excepted in s. 700.22.
(3) “Instrument of transfer" means an instrument which is effective to transfer an interest in property; it includes but is not limited to a will, a deed, a contract to transfer, a real estate mortgage and an instrument creating a security interest in personal property under ch. 409.
(4) “Interest" means an interest in property.
(5) “Property" means real or personal property.
(6) “Successors in interest" means persons who obtain a reversionary interest by transfer or operation of law.
(7) “Transfer" means a transfer effective during the lifetime of the transferor or by reason of the transferor's death.
History: 1983 a. 189; 1991 a. 316.
Cross-reference: See ss. 990.01 (27) and (35) which define real and personal property.