Section 409.110 - Security interests arising under ch. 402 or 411 A security interest arising under s. 402.401, 402.505, 402.711(3), or 411.508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:
(1) The security interest is enforceable, even if s. 409.203(2) (c) has not been satisfied;(2) Filing is not required to perfect the security interest;(3) The rights of the secured party after default by the debtor are governed by ch. 402 or 411; and(4) The security interest has priority over a conflicting security interest created by the debtor.