§ 34.1-9-514 — Assignment of powers of secured party of record

Wyoming § 34.1-9-514

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 9: SECURED TRANSACTIONS

Text

(a) Except as otherwise provided in subsection (c), an
initial financing statement may reflect an assignment of all of
the secured party's power to authorize an amendment to the
financing statement by providing the name and mailing address of
the assignee as the name and address of the secured party.
(b) Except as otherwise provided in subsection (c), a
secured party of record may assign of record all or part of its
power to authorize an amendment to a financing statement by
filing in the filing office an amendment of the financing
statement which:
(i) Identifies, by its file number, the initial
financing statement to which it relates;
(ii) Provides the name of the assignor; and
(iii) Provides the name and mailing address of the
assignee.
(c) An assignment of record of a security interest in a
fixture covered by a record of a mortgage which is effective as
a financing statement filed as a fixture filing under section
34.1-9-502(c) may be made only by an assignment of record of the
mortgage in the manner provided by law of this state other than
this title.