§ 700.01

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

rty.(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.