Court Opinion

ID: 9548734
Source: CourtListenerOpinion
Date Created: 2023-08-07 18:08:03.861777+00
Date Added: 2024-06-11T15:19:22.488879
License: Public Domain

Mr. Justice GRAY
(concurring).
While I am in full agreement with the holding that the judgment herein must be affirmed and with most of the pronouncements made in the opinion, I am not prepared at this time to hold that the provisions of § 9-401(3), ch. 219, S.L. of Wyoming, 1961 (§ 34-9-401(3), W.S.1957, 1965 Cum.Supp.), require the holder of a perfected security interest in a motor vehicle in one county of this state at his peril to follow the location of the motor vehicle from county to county within the state with his security instrument. The point has not been briefed or argued by either of the parties. In addition, it is my view that under the stipulated facts upon which the case was tried below it is unnecessary to decide the point. Among other things, it was stipulated at the time of trial that the security agreement herein which had been perfected in Laramie County was filed for record in Sheridan County on July 6, 1964, well within the general provisions of § 9-401 (3). Thus, even assuming that said section was applicable, the defendant could still not succeed for the reason that plaintiff had in this particular instance complied with the requirements of that provision.
My concern with the pronouncements of the opinion on this point is brought about by the amendment made to the provisions of § 9-302(4), ch. 219, S.L. of Wyoming, 1961, by § 2, ch. 185, S.L. of Wyoming, 1963 (§ 34-9-302(4), W.S.1957,1965 Cum.Supp.). The opinion quotes the provisions of the *448amendment that relate to the perfecting of a security interest in a motor vehicle, but in addition thereto I should like to quote a further provision that to me is of significance. In the last sentence of the paragraph immediately following the provisions quoted it is stated:
“ * * * Every financing statement or security agreement when filed pursuant to the provisions of the herein section 9-302(4) shall take effect and be in force from and after the time of filing and not before, as to all creditors, subsequent purchasers, and holders of security interest in good faith for valuable consideration and without notice.”
When it is considered that this is a special provision relating to the protection of a security interest in a motor vehicle, which is understandable because of the mobile nature of the security and which appears to prescribe the' requisites of perfecting and retaining a security interest, I question that we are warranted in inserting into this special legislation and adding thereto the general provisions of § 9-401(3). So to hold, it seems to me, creates a precarious situa: tion in the financing of motor vehicles.. Because of this I wholeheartedly agree with the suggestion made that further consideration might well be given to the matter by the legislature.