reglab/housing_qa huggingface dataset:
WY Stat § 34.1-9-617 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-617 - Rights of Transferee of Collateral.

34.1-9-617. Rights of transferee of collateral.| (a) A secured party's disposition of collateral after default:  (i) Transfers to a transferee for value all of the debtor's rights in the collateral;  (ii) Discharges the security interest under which the disposition is made; and  (iii) Discharges any subordinate security interest or other subordinate lien.  (b) A transferee that acts in good faith takes free of the rights and interests described in subsection (a), even if the secured party fails to comply with this article or the requirements of any judicial proceeding.  (c) If a transferee does not take free of the rights and interests described in subsection (a), the transferee takes the collateral subject to:  (i) The debtor's rights in the collateral;  (ii) The security interest or agricultural lien under which the disposition is made; and  (iii) Any other security interest or other lien.
WY Stat § 34.1-9-618 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-618 - Rights and Duties of Certain Secondary Obligors.

34.1-9-618. Rights and duties of certain secondary obligors.| (a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:  (i) Receives an assignment of a secured obligation from the secured party;  (ii) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or  (iii) Is subrogated to the rights of a secured party with respect to collateral.  (b) An assignment, transfer or subrogation described in subsection (a):  (i) Is not a disposition of collateral under section 34.1-9-610; and  (ii) Relieves the secured party of further duties under this article.
WY Stat § 34.1-9-619 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-619 - Transfer of Record or Legal Title.

34.1-9-619. Transfer of record or legal title.| (a) In this section, "transfer statement" means a record authenticated by a secured party stating:  (i) That the debtor has defaulted in connection with an obligation secured by specified collateral;  (ii) That the secured party has exercised its post-default remedies with respect to the collateral;  (iii) That, by reason of the exercise, a transferee has acquired the rights of the debtor in the collateral; and  (iv) The name and mailing address of the secured party, debtor and transferee.  (b) A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the collateral specified in the statement in any official filing, recording, registration or certificate-of-title system covering the collateral. If a transfer statement is presented with the applicable fee and request form to the official or office responsible for maintaining the system, the official or office shall:  (i) Accept the transfer statement;  (ii) Promptly amend its records to reflect the transfer; and  (iii) If applicable, issue a new appropriate certificate of title in the name of the transferee.  (c) A transfer of the record or legal title to collateral to a secured party under subsection (b) or otherwise is not of itself a disposition of collateral under this article and does not of itself relieve the secured party of its duties under this article.
WY Stat § 34.1-9-621 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-621 - Notification of Proposal to Accept Collateral.

34.1-9-621. Notification of proposal to accept collateral.| (a) A secured party that desires to accept collateral in full or partial satisfaction of the obligation it secures shall send its proposal to:  (i) Any person from which the secured party has received, before the debtor consented to the acceptance, an authenticated notification of a claim of an interest in the collateral;  (ii) Any other secured party or lienholder that, ten (10) days before the debtor consented to the acceptance, held a security interest in or other lien on the collateral perfected by the filing of a financing statement that:  (A) Identified the collateral;  (B) Was indexed under the debtor's name as of that date; and  (C) Was filed in the office or offices in which to file a financing statement against the debtor covering the collateral as of that date; and  (iii) Any other secured party that, ten (10) days before the debtor consented to the acceptance, held a security interest in the collateral perfected by compliance with a statute, regulation or treaty described in section 34.1-9-311(a).  (b) A secured party that desires to accept collateral in partial satisfaction of the obligation it secures shall send its proposal to any secondary obligor in addition to the persons described in subsection (a).
WY Stat § 34.1-9-622 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-622 - Effect of Acceptance of Collateral.

34.1-9-622. Effect of acceptance of collateral.| (a) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:  (i) Discharges the obligation to the extent consented to by the debtor;  (ii) Transfers to the secured party all of a debtor's rights in the collateral;  (iii) Discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and  (iv) Terminates any other subordinate interest.  (b) A subordinate interest is discharged or terminated under subsection (a), even if the secured party fails to comply with this article.
WY Stat § 34.1-9-623 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-623 - Right to Redeem Collateral.

34.1-9-623. Right to redeem collateral.| (a) A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral.  (b) To redeem collateral, a person shall tender:  (i) Fulfillment of all obligations secured by the collateral; and  (ii) The reasonable expenses and attorney's fees described in section 34.1-9-615(a)(i).  (c) A redemption may occur at any time before a secured party:  (i) Has collected collateral under section 34.1-9-607;  (ii) Has disposed of collateral or entered into a contract for its disposition under section 34.1-9-610; or  (iii) Has accepted collateral in full or partial satisfaction of the obligation it secures under section 34.1-9-622.
WY Stat § 34.1-9-624 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-624 - Waiver.

34.1-9-624. Waiver.| (a) A debtor or secondary obligor may waive the right to notification of disposition of collateral under section 34.1-9-611 only by an agreement to that effect entered into and authenticated after default.  (b) A debtor may waive the right to require disposition of collateral under section 34.1-9-620(e) only by an agreement to that effect entered into and authenticated after default.  (c) Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under section 34.1-9-623 only by an agreement to that effect entered into and authenticated after default.
WY Stat § 34.1-9-626 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-626 - Action in Which Deficiency or Surplus Is in Issue.

34.1-9-626. Action in which deficiency or surplus is in issue.| (a) In an action arising from a transaction, other than a consumer transaction, in which the amount of a deficiency or surplus is in issue, the following rules apply:  (i) A secured party need not prove compliance with the provisions of this part relating to collection, enforcement, disposition or acceptance unless the debtor or a secondary obligor places the secured party's compliance in issue;  (ii) If the secured party's compliance is placed in issue, the secured party has the burden of establishing that the collection, enforcement, disposition or acceptance was conducted in accordance with this part;  (iii) Except as otherwise provided in section 34.1-9-628, if a secured party fails to prove that the collection, enforcement, disposition or acceptance was conducted in accordance with the provisions of this part relating to collection, enforcement, disposition or acceptance, the liability of a debtor or a secondary obligor for a deficiency is limited to an amount by which the sum of the secured obligation, expenses and attorney's fees exceeds the greater of:  (A) The proceeds of the collection, enforcement, disposition or acceptance; or  (B) The amount of proceeds that would have been realized had the noncomplying secured party proceeded in accordance with the provisions of this part relating to collection, enforcement, disposition or acceptance.  (iv) For purposes of subparagraph (a)(iii)(B), the amount of proceeds that would have been realized is equal to the sum of the secured obligation, expenses and attorney's fees unless the secured party proves that the amount is less than that sum;  (v) If a deficiency or surplus is calculated under section 34.1-9-615(f), the debtor or obligor has the burden of establishing that the amount of proceeds of the disposition is significantly below the range of prices that a complying disposition to a person other than the secured party, a person related to the secured party or a secondary obligor would have brought.  (b) The limitation of the rules in subsection (a) to transactions other than consumer transactions is intended to leave to the court the determination of the proper rules in consumer transactions. The court may not infer from that limitation the nature of the proper rule in consumer transactions and may continue to apply established approaches.
WY Stat § 34.1-9-627 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-627 - Determination of Whether Conduct Was Commercially Reasonable.

34.1-9-627. Determination of whether conduct was commercially reasonable.| (a) The fact that a greater amount could have been obtained by a collection, enforcement, disposition or acceptance at a different time or in a different method from that selected by the secured party is not of itself sufficient to preclude the secured party from establishing that the collection, enforcement, disposition or acceptance was made in a commercially reasonable manner.  (b) A disposition of collateral is made in a commercially reasonable manner if the disposition is made:  (i) In the usual manner on any recognized market;  (ii) At the price current in any recognized market at the time of the disposition; or  (iii) Otherwise in conformity with reasonable commercial practices among dealers in the type of property that was the subject of the disposition.  (c) A collection, enforcement, disposition or acceptance is commercially reasonable if it has been approved:  (i) In a judicial proceeding;  (ii) By a bona fide creditors' committee;  (iii) By a representative of creditors; or  (iv) By an assignee for the benefit of creditors.  (d) Approval under subsection (c) need not be obtained, and lack of approval does not mean that the collection, enforcement, disposition or acceptance is not commercially reasonable.
WY Stat § 34.1-9-628 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 6 - Default|Section 34.1-9-628 - Nonliability and Limitation on Liability of Secured Party; Liability of Secondary Obligor.

34.1-9-628. Nonliability and limitation on liability of secured party; liability of secondary obligor.| (a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:  (i) The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this article; and  (ii) The secured party's failure to comply with this article does not affect the liability of the person for a deficiency.  (b) A secured party is not liable because of 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.  (c) A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:  (i) A debtor's representation concerning the purpose for which collateral was to be used, acquired or held; or  (ii) An obligor's representation concerning the purpose for which a secured obligation was incurred.  (d) A secured party is not liable to any person under section 34.1-9-625(c)(ii) for its failure to comply with section 34.1-9-616.  (e) A secured party is not liable under section 34.1-9-625(c)(ii) more than once with respect to any one (1) secured obligation.
WY Stat § 34.1-9-701 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-701 - Effective Date.

34.1-9-701. Effective date.| This act takes effect on July 1, 2001. References in this part to "this Act" refer to the legislative enactment by which this part is added to article 9 of title 34. References in this part to "former article 9" are to article of title 34 as in effect immediately before this act takes effect.
WY Stat § 34.1-9-702 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-702 - Savings Clause.

34.1-9-702. Savings clause.| (a) Except as otherwise provided in this part, this act applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before this act takes effect.  (b) Except as otherwise provided in subsection (c) and sections 34.1-9-703 through 34.1-9-709:  (i) Transactions and liens that were not governed by former article 9, were validly entered into or created before this act takes effect, and would be subject to this act if they had been entered into or created after this act takes effect, and the rights, duties and interests flowing from those transactions and liens remain valid after this act takes effect; and  (ii) The transactions and liens may be terminated, completed, consummated and enforced as required or permitted by this act or by the law that otherwise would apply if this act had not taken effect.  (c) This act does not affect an action, case or proceeding commenced before this act takes effect.
WY Stat § 34.1-9-703 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-703 - Security Interest Perfected Before Effective Date.

34.1-9-703. Security interest perfected before effective date.| (a) A security interest that is enforceable immediately before this act takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements for enforceability and perfection under this act are satisfied without further action.  (b) Except as otherwise provided in section 34.1-9-705, if, immediately before this act takes effect, a security interest is enforceable and would have priority over the rights of a person that becomes a lien creditor at that time, but the applicable requirements for enforceability or perfection under this act are not satisfied when this act takes effect, the security interest:  (i) Is a perfected security interest for one (1) year after this act takes effect;  (ii) Remains enforceable thereafter only if the security interest becomes enforceable under section 34.1-9-203 before the year expires; and  (iii) Remains perfected thereafter only if the applicable requirements for perfection under this act are satisfied before the year expires.
WY Stat § 34.1-9-704 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-704 - Security Interest Unperfected Before Effective Date.

34.1-9-704. Security interest unperfected before effective date.| (a) A security interest that is enforceable immediately before this act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:  (i) Remains an enforceable security interest for one (1) year after this act takes effect;  (ii) Remains enforceable thereafter if the security interest becomes enforceable under section 34.1-9-203 when this act takes effect or within one (1) year thereafter; and  (iii) Becomes perfected:  (A) Without further action, when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or  (B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.
WY Stat § 34.1-9-705 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-705 - Effectiveness of Action Taken Before Effective Date.

34.1-9-705. Effectiveness of action taken before effective date.| (a) If action, other than the filing of a financing statement, is taken before this act takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable before this act takes effect, the action is effective to perfect a security interest that attaches under this act within one (1) year after this act takes effect. An attached security interest becomes unperfected one (1) year after this act takes effect unless the security interest becomes a perfected security interest under this act before the expiration of that period.  (b) The filing of a financing statement before this act takes effect is effective to perfect a security interest to the extent the filing would satisfy the applicable requirements for perfection under this act.  (c) This act does not render ineffective an effective financing statement that, before this act takes effect, is filed and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former section 34.1-9-103. However, except as otherwise provided in subsections (d) and (e) and section 34.1-9-706, the financing statement ceases to be effective at the earlier of:  (i) The time the financing statement would have ceased to be effective under the law of the jurisdiction in which it is filed; or  (ii) June 30, 2006.  (d) The filing of a continuation statement after this act takes effect does not continue the effectiveness of the financing statement filed before this act takes effect. However, upon the timely filing of a continuation statement after this act takes effect and in accordance with the law of the jurisdiction governing perfection as provided in Part 3, the effectiveness of a financing statement filed in the same office in that jurisdiction before this act takes effect continues for the period provided by the law of that jurisdiction.  (e) Paragraph (c)(ii) applies to a financing statement that, before this act takes effect, is filed against a transmitting utility and satisfies the applicable requirements for perfection under the law of the jurisdiction governing perfection as provided in former section 34.1-9-103 only to the extent that Part 3 provides that the law of a jurisdiction other than jurisdiction in which the financing statement is filed governs perfection of a security interest in collateral covered by the financing statement.  (f) A financing statement that includes a financing statement filed before this act takes effect and a continuation statement filed after this act takes effect is effective only to the extent that it satisfies the requirements of Part 5 for an initial financing statement.
WY Stat § 34.1-9-706 (2021)
2021 Wyoming Statutes|Title 34.1 - Uniform Commercial Code|Article 9 - Secured Transactions|Part 7 - Transition|Section 34.1-9-706 - When Initial Financing Statement Suffices to Continue Effectiveness of Financing Statement.

34.1-9-706. When initial financing statement suffices to continue effectiveness of financing statement.| (a) The filing of an initial financing statement in the office specified in section 34.1-9-501 continues the effectiveness of a financing statement filed before this act takes effect if:  (i) The filing of an initial financing statement in that office would be effective to perfect a security interest under this act;  (ii) The preeffective date financing statement was filed in an office in another state or another office in this state; and  (iii) The initial financing statement satisfies subsection (c).  (b) The filing of an initial financing statement under subsection (a) continues the effectiveness of the prefecture date financing statement:  (i) If the initial financing statement is filed before this act takes effect, for the period provided in former section 34.1-9-403 with respect to a financing statement; and  (ii) If the initial financing statement is filed after this act takes effect, for the period provided in section 34.1-9-515 with respect to an initial financing statement.  (c) To be effective for purposes of subsection (a), an initial financing statement must:  (i) Satisfy the requirements of Part 5 for an initial financing statement;  (ii) Identify the preeffective date financing statement by indicating the office in which the financing statement was filed and providing the dates of filing and file numbers, if any, of the financing statement and of the most recent continuation statement filed with respect to the financing statement; and  (iii) Indicate that the preeffective date financing statement remains effective.