Court Opinion

ID: 9622645
Source: CourtListenerOpinion
Date Created: 2023-08-22 06:21:30.527257+00
Date Added: 2024-06-11T17:33:03.043470
License: Public Domain

BROWN, Chief Justice,
specially concurring.
I concur in the majority opinion only to the extent that it adds a very limited requirement for perfection of a security interest in collateral for antecedent debts. This is not a case dealing with a security interest in collateral based on a future advance. Further, as the majority notes in footnote 4, these facts do not present us with a subsequent lender who had actual knowledge of antecedent debt coverage of collateral. Keeping these caveats in mind, I would restate the holding to be: Security agreement clauses covering antecedent debt will only be enforced in Wyoming when the antecedent indebtedness is clearly identified on the financing statement as a dollar amount secured.