§ 34.1-7-209 — Lien of warehouse

Wyoming § 34.1-7-209

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 6: BULK TRANSFERS

Text

(a) A warehouse has a lien against the bailor on the goods
covered by a warehouse receipt or storage agreement or on the
proceeds thereof in its possession for charges for storage or
transportation, including demurrage and terminal charges,
insurance, labor, or other charges, present or future, in
relation to the goods, and for expenses necessary for
preservation of the goods or reasonably incurred in their sale
pursuant to law. If the person on whose account the goods are
held is liable for similar charges or expenses in relation to
other goods whenever deposited and it is stated in the warehouse
receipt or storage agreement that a lien is claimed for charges
and expenses in relation to other goods, the warehouse also has
a lien against the goods covered by the warehouse receipt or
storage agreement or on the proceeds thereof in its possession
for those charges and expenses, whether or not the other goods
have been delivered by the warehouse. However, as against a
person to which a negotiable warehouse receipt is duly
negotiated, a warehouse's lien is limited to charges in an
amount or at a rate specified in the warehouse receipt or, if no
charges are so specified, to a reasonable charge for storage of
the specific goods covered by the receipt subsequent to the date
of the receipt.
(b) A warehouse may also reserve a security interest
against the bailor for the maximum amount specified on the
receipt for charges other than those specified in subsection (a)
of this section, such as for money advanced and interest. The
security interest is governed by article 9.
(c) A warehouse's lien for charges and expenses under
subsection (a) of this section or a security interest under
subsection (b) of this section is also effective against any
person that so entrusted the bailor with possession of the goods
that a pledge of them by the bailor to a good-faith purchaser
for value would have been valid. However, the lien or security
interest is not effective against a person that before issuance
of a document of title had a legal interest or a perfected
security interest in the goods and that did not:
(i) Deliver or entrust the goods or any document of
title covering the goods to the bailor or the bailor's nominee
with:
(A) Actual or apparent authority to ship, store,
or sell;
(B) Power to obtain delivery under W.S.
34.1-7-403; or
(C) Power of disposition under W.S. 34.1-2-403,
34.1-2.A-304(b), 34.1-2.A-305(b), 34.1-9-320, 34.1-9-321(c) or
other statute or rule of law; or
(ii) Acquiesce in the procurement by the bailor or
its nominee of any document.
(d) A warehouse's lien on household goods for charges and
expenses in relation to the goods under subsection (a) of this
section is also effective against all persons if the depositor
was the legal possessor of the goods at the time of deposit. As
used in this subsection, "household goods" means furniture,
furnishings, or personal effects used by the depositor in a
dwelling.
(e) A warehouse loses its lien on any goods that it
voluntarily delivers or unjustifiably refuses to deliver.