Section 34.1-9-615 – Application of Proceeds of Disposition; Liability for Deficiency and Right to Surplus.
34.1-9-615. Application of proceeds of disposition; liability for deficiency and right to surplus. (a) A secured party shall apply or pay over for application the cash proceeds of disposition under W.S. 34.1-9-610 in the following order to: (i) The reasonable expenses of retaking, holding, preparing for disposition, processing and disposing, and, to the extent provided […]
Section 34.1-9-603 – Agreement on Standards Concerning Rights and Duties.
34.1-9-603. Agreement on standards concerning rights and duties. (a) The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in section 34.1-9-602 if the standards are not manifestly unreasonable. (b) Subsection (a) does not apply […]
Section 34.1-9-604 – Procedure if Security Agreement Covers Real Property or Fixtures.
34.1-9-604. Procedure if security agreement covers real property or fixtures. (a) If a security agreement covers both personal and real property, a secured party may proceed: (i) Under this part as to the personal property without prejudicing any rights with respect to the real property; or (ii) As to both the personal property and the […]
Section 34.1-9-605 – Unknown Debtor or Secondary Obligor.
34.1-9-605. Unknown debtor or secondary obligor. (a) A secured party does not owe a duty based on its status as secured party: (i) To a person that is a debtor or obligor, unless the secured party knows: (A) That the person is a debtor or obligor; (B) The identity of the person; and (C) How […]
Section 34.1-9-606 – Time of Default for Agricultural Lien.
34.1-9-606. Time of default for agricultural lien. For purposes of this part, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created.
Section 34.1-9-607 – Collection and Enforcement by Secured Party.
34.1-9-607. Collection and enforcement by secured party. (a) If so agreed, and in any event after default, a secured party: (i) May notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party; (ii) May take any proceeds to which […]
Section 34.1-9-526 – Filing-Office Rules.
34.1-9-526. Filing-office rules. (a) The secretary of state shall adopt and publish rules to implement this article. The filing-office rules must be: (i) Consistent with this article; and (ii) Adopted and published in accordance with the Wyoming Administrative Procedure Act. (b) To keep the filing-office rules and practices of the filing office in harmony with […]
Section 34.1-9-601 – Rights After Default; Judicial Enforcement; Consignor or Buyer of Accounts, Chattel Paper, Payment Intangibles or Promissory Notes.
34.1-9-601. Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles or promissory notes. (a) After default, a secured party has the rights provided in this part and, except as otherwise provided in section 34.1-9-602, those provided by agreement of the parties. A secured party: (i) May reduce a claim to […]
Section 34.1-9-602 – Waiver and Variance of Rights and Duties.
34.1-9-602. Waiver and variance of rights and duties. (a) Except as otherwise provided in section 34.1-9-624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (i) Section 34.1-9-207(b)(iv)(C), […]
Section 34.1-9-524 – Delay by Filing Office.
34.1-9-524. Delay by filing office. (a) Delay by the filing office beyond a time limit prescribed by this part is excused if: (i) The delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment or other circumstances beyond control of the filing office; and (ii) The filing office exercises […]