§ 34.1-3-112 — Interest

Wyoming § 34.1-3-112

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 3: NEGOTIABLE INSTRUMENTS

Text

(a) Unless otherwise provided in the instrument, (1) an
instrument is not payable with interest, and (2) interest on an
interest-bearing instrument is payable from the date of the
instrument.
(b) Interest may be stated in an instrument as a fixed or
variable amount of money or it may be expressed as a fixed or
variable rate or rates. The amount or rate of interest may be
stated or described in the instrument in any manner and may
require reference to information not contained in the
instrument. If an instrument provides for interest, but the
amount of interest payable cannot be ascertained from the
description, interest is payable at the judgment rate in effect
at the place of payment of the instrument and at the time
interest first accrues.