# Nelson v. Union National Bank

> Court of Appeals of Wisconsin · January 18, 1983 · 111 Wis. 2d 313

URL: https://www.frixlaw.com/law-library/cases/9734595

## Case

- **Full name:** Melvin D. Nelson, Plaintiff-Appellant and Cross-Respondent, v. Union National Bank and Keith R. Olson, Defendants-Respondents and Cross-Appellants
- **Court:** Court of Appeals of Wisconsin
- **Decided:** January 18, 1983
- **Citations:** 111 Wis. 2d 313; 330 N.W.2d 225; 1983 Wisc. App. LEXIS 3209
- **Precedential status:** Published
- **Opinion:** Concurrence by Cane
- **Judges:** Foley, Dean, Cane
- **Cited by:** 13 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9734595

## Opinion text

CANE, J.
(concurring). I would hold that the insurance policy is not “collateral” within the meaning of sec. 425.206, Stats. Collateral is defined in sec. '425.202, Stats., *317 as “goods subject to a security interest in favor of a merchant which secures a customer’s obligations under a consumer credit transaction.” [Emphasis supplied.] The term “goods” when used in the area of secured transactions “includes all things which are movable at the time the security interest attaches or which are fixtures . . . , but does not include money, documents, instruments, accounts, chattel paper . . . .” Section 409.-105, Stats. Although I do not approve of the bank’s unauthorized surrender of the insurance policy, Nelson’s remedy is not under sec. 425.206, Stats.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9734595. Public record. Not legal advice.