Wyoming § 34.1-9-338 Priority of security interest or agricultural
lien perfected by filed financing statement providing certain
incorrect information

Wyoming Statutes

§ 34.1-9-338 — Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information

Wyoming·Title 34.1 Uniform Commercial Code·Art. 9 SECURED TRANSACTIONS

(a)If a security interest or agricultural lien is perfected by a filed financing statement providing information described in section 34.1-9-516(b)(v) which is incorrect at the time the financing statement is filed:

(i)The security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and

(ii)A purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments or a security c

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(a) If a security interest or agricultural lien is
perfected by a filed financing statement providing information
described in section 34.1-9-516(b)(v) which is incorrect at the
time the financing statement is filed:
(i) The security interest or agricultural lien is
subordinate to a conflicting perfected security interest in the
collateral to the extent that the holder of the conflicting
security interest gives value in reasonable reliance upon the
incorrect information; and
(ii) A purchaser, other than a secured party, of the
collateral takes free of the security interest or agricultural
lien to the extent that, in reasonable reliance upon the
incorrect information, the purchaser gives value and, in the
case of tangible chattel paper, tangible documents, goods,
instruments or a security certificate, receives delivery of the
collateral.

Wyoming § 34.1-9-338 (Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.