[Adopted 5-1-2008 by Ord. No. 08-08; amended in its entirety 1-22-2009]
It is the purpose and policy of this article to establish the
method of the creation, the effect of perfection and nonperfection,
priority among competing creditors, and enforcement of security interests
in personal property.
As used in this article, the following terms shall have the
meanings indicated:
CASH
All cash or currency of the United States of America that
is legal tender for all public and private debts.
REVENUES
Earnings, income, revenues and the rights to receive the
foregoing, whether in the form of cash, deposit accounts, investments
or other assets, and the proceeds thereof.
TRIBAL PARTY
The Tribe and any division, subdivision, branch, department,
board, committee, commission, agency, enterprise, instrumentality,
or entity wholly owned or wholly controlled, directly or indirectly,
by the Tribe, along with the successors and assigns of each.
Nothing in this article shall act to or be construed as waiving
the immunity from suit of the Menominee Indian Tribe of Wisconsin
and its instrumentalities.