reglab/housing_qa huggingface dataset:
WY Stat § 34.1-9-409 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 4 - Rights of Third Parties|Section 34.1-9-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective.

34.1-9-409. Restrictions on assignment of letter-of-credit rights ineffective.| (a) A term in a letter of credit or a rule of law, statute, regulation, custom or practice applicable to the letter of credit which prohibits, restricts or requires the consent of an applicant, issuer or nominated person to a beneficiary's assignment of or creation of a security interest in a letter-of-credit right is ineffective to the extent that the term or rule of law, statute, regulation, custom or practice:  (i) Would impair the creation, attachment or perfection of a security interest in the letter-of-credit right; or  (ii) Provides that the assignment or the creation, attachment or perfection of the security interest may give rise to a default, breach, right of recoupment, claim, defense, termination, right of termination or remedy under the letter-of-credit right.  (b) To the extent that a term in a letter of credit is ineffective under subsection (a) but would be effective under law other than this article or a custom or practice applicable to the letter of credit, to the transfer of a right to draw or otherwise demand performance under the letter of credit or to the assignment of a right to proceeds of the letter of credit, the creation, attachment or perfection of a security interest in the letter-of-credit right:  (i) Is not enforceable against the applicant, issuer, nominated person or transferee beneficiary;  (ii) Imposes no duties or obligations on the applicant, issuer, nominated person or transferee beneficiary; and  (iii) Does not require the applicant, issuer, nominated person or transferee beneficiary to recognize the security interest, pay or render performance to the secured party or accept payment or other performance from the secured party.
WY Stat § 34.1-9-601 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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 judgment, foreclose or otherwise enforce the claim, security interest or agricultural lien by any available judicial procedure; and  (ii) If the collateral is documents, may proceed either as to the documents or as to the goods they cover.  (b) A secured party in possession of collateral or control of collateral under section 34.1-7-106, 34.1-9-104, 34.1-9-105, 34.1-9-106 or 34.1-9-107 has the rights and duties provided in section 34.1-9-207.  (c) The rights under subsections (a) and (b) are cumulative and may be exercised simultaneously.  (d) Except as otherwise provided in subsection (g) and section 34.1-9-605, after default, a debtor and an obligor have the rights provided in this part and by agreement of the parties.  (e) If a secured party has reduced its claim to judgment, the lien of any levy that may be made upon the collateral by virtue of an execution based upon the judgment relates back to the earliest of:  (i) The date of perfection of the security interest or agricultural lien in the collateral;  (ii) The date of filing a financing statement covering the collateral; or  (iii) Any date specified in a statute under which the agricultural lien was created.  (f) A sale pursuant to an execution is a foreclosure of the security interest or agricultural lien by judicial procedure within the meaning of this section. A secured party may purchase at the sale and thereafter hold the collateral free of any other requirements of this article.  (g) Except as otherwise provided in section 34.1-9-607(c), this part imposes no duties upon a secured party that is a consignor or is a buyer of accounts, chattel paper, payment intangibles or promissory notes.
WY Stat § 34.1-9-602 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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), which deals with use and operation of the collateral by the secured party;  (ii) Section 34.1-9-210, which deals with requests for an accounting and requests concerning a list of collateral and statement of account;  (iii) Section 34.1-9-607(c), which deals with collection and enforcement of collateral;  (iv) Sections 34.1-9-608(a) and 34.1-9-615(c) to the extent that they deal with application or payment of noncash proceeds of collection, enforcement or disposition;  (v) Sections 34.1-9-608(a) and 34.1-9-615(d) to the extent that they require accounting for or payment of surplus proceeds of collateral;  (vi) Section 34.1-9-609 to the extent that it imposes upon a secured party that takes possession of collateral without judicial process the duty to do so without breach of the peace;  (vii) Sections 34.1-9-610(b), 34.1-9-611, 34.1-9-613 and 34.1-9-614, which deal with disposition of collateral;  (viii) Section 34.1-9-615(f), which deals with calculation of a deficiency or surplus when a disposition is made to the secured party, a person related to the secured party, or a secondary obligor;  (ix) Section 34.1-9-616, which deals with explanation of the calculation of a surplus or deficiency;  (x) Sections 34.1-9-620, 34.1-9-621 and 34.1-9-622, which deal with acceptance of collateral in satisfaction of obligation;  (xi) Section 34.1-9-623, which deals with redemption of collateral;  (xii) Section 34.1-9-624, which deals with permissible waivers; and  (xiii) Sections 34.1-9-625 and 34.1-9-626, which deal with the secured party's liability for failure to comply with this article.
WY Stat § 34.1-9-603 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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 to the duty under section 34.1-9-609 to refrain from breaching the peace.
WY Stat § 34.1-9-604 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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 real property in accordance with the rights with respect to the real property, in which case the other provisions of this part do not apply.  (b) Subject to subsection (c), if a security agreement covers goods that are or become fixtures, a secured party may proceed:  (i) Under this part; or  (ii) In accordance with the rights with respect to real property, in which case the other provisions of this part do not apply.  (c) Subject to the other provisions of this part, if a secured party holding a security interest in fixtures has priority over all owners and encumbrancers of the real property, the secured party, after default, may remove the collateral from the real property.  (d) A secured party that removes collateral shall promptly reimburse any encumbrancer or owner of the real property, other than the debtor, for the cost of repair of any physical injury caused by the removal. The secured party need not reimburse the encumbrancer or owner for any diminution in value of the real property caused by the absence of the goods removed or by any necessity of replacing them. A person entitled to reimbursement may refuse permission to remove until the secured party gives adequate assurance for the performance of the obligation to reimburse.
WY Stat § 34.1-9-605 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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 to communicate with the person; or  (ii) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:  (A) That the person is a debtor; and  (B) The identity of the person.
WY Stat § 34.1-9-606 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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.
WY Stat § 34.1-9-607 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|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 the secured party is entitled under section 34.1-9-315;  (iii) May enforce the obligations of an account debtor or other person obligated on collateral and exercise the rights of the debtor with respect to the obligation of the account debtor or other person obligated on collateral to make payment or otherwise render performance to the debtor, and with respect to any property that secures the obligations of the account debtor or other person obligated on the collateral;  (iv) If it holds a security interest in a deposit account perfected by control under section 34.1-9-104(a)(i), may apply the balance of the deposit account to the obligation secured by the deposit account; and  (v) If it holds a security interest in a deposit account perfected by control under section 34.1-9-104(a)(ii) or (iii), may instruct the bank to pay the balance of the deposit account to or for the benefit of the secured party.  (b) If necessary to enable a secured party to exercise under paragraph (a)(iii) the right of a debtor to enforce a mortgage nonjudicially, the secured party may record in the office in which a record of the mortgage is recorded:  (i) A copy of the security agreement that creates or provides for a security interest in the obligation secured by the mortgage; and  (ii) The secured party's sworn affidavit in recordable form stating that:  (A) A default has occurred with respect to the obligation secured by the mortgage; and  (B) The secured party is entitled to enforce the mortgage nonjudicially.  (c) A secured party shall proceed in a commercially reasonable manner if the secured party:  (i) Undertakes to collect from or enforce an obligation of an account debtor or other person obligated on collateral; and  (ii) Is entitled to charge back uncollected collateral or otherwise to full or limited recourse against the debtor or a secondary obligor.  (d) A secured party may deduct from the collections made pursuant to subsection (c) reasonable expenses of collection and enforcement, including reasonable attorney's fees and legal expenses incurred by the secured party.  (e) This section does not determine whether an account debtor, bank or other person obligated on collateral owes a duty to a secured party.
WY Stat § 34.1-9-608 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-608 - Application of Proceeds of Collection or Enforcement; Liability for Deficiency and Right to Surplus.

34.1-9-608. Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.| (a) If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply:  (i) A secured party shall apply or pay over for application the cash proceeds of collection or enforcement under W.S. 34.1-9-607 in the following order to:  (A) The reasonable expenses of collection and enforcement and, to the extent provided for by agreement and not prohibited by law, reasonable attorney's fees and legal expenses incurred by the secured party;  (B) The satisfaction of obligations secured by the security interest or agricultural lien under which the collection or enforcement is made; and  (C) The satisfaction of obligations secured by any subordinate security interest in or other lien on the collateral subject to the security interest or agricultural lien under which the collection or enforcement is made if the secured party receives an authenticated demand for proceeds before distribution of the proceeds is completed.  (ii) If requested by a secured party, a holder of a subordinate security interest or other lien shall furnish reasonable proof of the interest or lien within a reasonable time. Unless the holder complies, the secured party need not comply with the holder's demand under subparagraph (a)(i)(C);  (iii) A secured party need not apply or pay over for application noncash proceeds of collection and enforcement under W.S. 34.1-9-607 unless the failure to do so would be commercially unreasonable. A secured party that applies or pays over for application noncash proceeds shall do so in a commercially reasonable manner;  (iv) A secured party shall account to and pay a debtor for any surplus, and the obligor is liable for any deficiency.  (b) If the underlying transaction is a sale of accounts, chattel paper, payment intangibles or promissory notes, the debtor is not entitled to any surplus, and the obligor is not liable for any deficiency.
WY Stat § 34.1-9-609 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-609 - Secured Party's Right to Take Possession After Default.

34.1-9-609. Secured party's right to take possession after default.| (a) After default, a secured party:  (i) May take possession of the collateral; and  (ii) Without removal, may render equipment unusable and dispose of collateral on a debtor's premises under section 34.1-9-610.  (b) A secured party may proceed under subsection (a):  (i) Pursuant to judicial process; or  (ii) Without judicial process, if it proceeds without breach of the peace.  (c) If so agreed, and in any event after default, a secured party may require the debtor to assemble the collateral and make it available to the secured party at a place to be designated by the secured party which is reasonably convenient to both parties.
WY Stat § 34.1-9-610 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-610 - Disposition of Collateral After Default.

34.1-9-610. Disposition of collateral after default.| (a) After default, a secured party may sell, lease, license or otherwise dispose of any or all of the collateral in its present condition or following any commercially reasonable preparation or processing.  (b) Every aspect of a disposition of collateral, including the method, manner, time, place and other terms, must be commercially reasonable. If commercially reasonable, a secured party may dispose of collateral by public or private proceedings, by one (1) or more contracts, as a unit or in parcels, and at any time and place and on any terms.  (c) A secured party may purchase collateral:  (i) At a public disposition; or  (ii) At a private disposition only if the collateral is of a kind that is customarily sold on a recognized market or the subject of widely distributed standard price quotations.  (d) A contract for sale, lease, license or other disposition includes the warranties relating to title, possession, quiet enjoyment and the like which by operation of law accompany a voluntary disposition of property of the kind subject to the contract.  (e) A secured party may disclaim or modify warranties under subsection (d):  (i) In a manner that would be effective to disclaim or modify the warranties in a voluntary disposition of property of the kind subject to the contract of disposition; or  (ii) By communicating to the purchaser a record evidencing the contract for disposition and including an express disclaimer or modification of the warranties.  (f) A record is sufficient to disclaim warranties under subsection (e) if it indicates "there is no warranty relating to title, possession, quiet enjoyment or the like in this disposition" or uses words of similar import.
WY Stat § 34.1-9-611 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-611 - Notification Before Disposition of Collateral.

34.1-9-611. Notification before disposition of collateral.| (a) In this section, "notification date" means the earlier of the date on which:  (i) A secured party sends to the debtor and any secondary obligor an authenticated notification of disposition; or  (ii) The debtor and any secondary obligor waive the right to notification.  (b) Except as otherwise provided in subsection (d), a secured party that disposes of collateral under section 34.1-9-610 shall send to the persons specified in subsection (c) a reasonable authenticated notification of disposition.  (c) To comply with subsection (b), the secured party shall send an authenticated notification of disposition to:  (i) The debtor;  (ii) Any secondary obligor; and  (iii) If the collateral is other than consumer goods:  (A) Any other person from which the secured party has received, before the notification date, an authenticated notification of a claim of an interest in the collateral;  (B) Any other secured party or lienholder that, ten (10) days before the notification date, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:  (I) Identified the collateral;  (II) Was indexed under the debtor's name as of that date; and  (III) Was filed in the office in which to file a financing statement against the debtor covering the collateral as of that date; and  (C) Any other secured party that, ten (10) days before the notification date, held a security interest in the collateral perfected by compliance with a statute, regulation or treaty described in section 34.1-9-311(a).  (d) Subsection (b) does not apply if the collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market.  (e) A secured party complies with the requirement for notification prescribed by subparagraph (c)(iii)(B) if:  (i) Not later than twenty (20) days or earlier than thirty (30) days before the notification date, the secured party requests, in a commercially reasonable manner, information concerning financing statements indexed under the debtor's name in the office indicated in subparagraph (c)(iii)(B); and  (ii) Before the notification date, the secured party:  (A) Did not receive a response to the request for information; or  (B) Received a response to the request for information and sent an authenticated notification of disposition to each secured party or other lienholder named in that response whose financing statement covered the collateral.
WY Stat § 34.1-9-612 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-612 - Timeliness of Notification Before Disposition of Collateral.

34.1-9-612. Timeliness of notification before disposition of collateral.| (a) Except as otherwise provided in subsection (b), whether a notification is sent within a reasonable time is a question of fact.  (b) In a transaction other than a consumer transaction, a notification of disposition sent after default and ten (10) days or more before the earliest time of disposition set forth in the notification is sent within a reasonable time before the disposition.
WY Stat § 34.1-9-613 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-613 - Contents and Form of Notification Before Disposition of Collateral: General.

34.1-9-613. Contents and form of notification before disposition of collateral: general.| (a) Except in a consumer-goods transaction, the following rules apply:  (i) The contents of a notification of disposition are sufficient if the notification:  (A) Describes the debtor and the secured party;  (B) Describes the collateral that is the subject of the intended disposition;  (C) States the method of intended disposition;  (D) States that the debtor is entitled to an accounting of the unpaid indebtedness and states the charge, if any, for an accounting; and  (E) States the time and place of a public disposition or the time after which any other disposition is to be made.  (ii) Whether the contents of a notification that lacks any of the information specified in paragraph (i) are nevertheless sufficient is a question of fact;  (iii) The contents of a notification providing substantially the information specified in paragraph (i) are sufficient, even if the notification includes:  (A) Information not specified by that paragraph; or  (B) Minor errors that are not seriously misleading.  (iv) A particular phrasing of the notification is not required;  (v) The following form of notification and the form appearing in section 34.1-9-614(c), when completed, each provides sufficient information:  NOTIFICATION OF DISPOSITION OF COLLATERAL  To: (Name of debtor, obligor or other person to which the notification is sent)  From: (Name, address and telephone number of secured party)  Name of Debtor(s): (Include only if debtor(s) are not an addressee)  For a public disposition:  We will sell (or lease or license, as applicable) the (describe collateral) to the highest qualified bidder in public as follows:  Day and Date:  Time:  Place:  For a private disposition:  We will sell (or lease or license, as applicable) the (describe collateral) privately sometime after .... day and .... date.  You are entitled to an accounting of the unpaid indebtedness secured by the property that we intend to sell (or lease or license, as applicable) for a charge of $ .... You may request an accounting by calling us at .... telephone number.