Wyoming § 34.1-9-618 Rights and duties of certain secondary
obligors

Wyoming Statutes

§ 34.1-9-618 — Rights and duties of certain secondary obligors

Wyoming § 34.1-9-618

Title 34.1Uniform Commercial Code

Art. 9SECURED TRANSACTIONS

This text of Wyoming § 34.1-9-618 (Rights and duties of certain secondary obligors) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-9-618 (2026).

Text

(a)A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:

(i)Receives an assignment of a secured obligation from the secured party;

(ii)Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or

(iii)Is subrogated to the rights of a secured party with respect to collateral.

(b)An assignment, transfer or subrogation described in subsection (a):

(i)Is not a disposition of collateral under section 34.1-9-610; and

(ii)Relieves the secured party of further duties under this article.

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(a) A secondary obligor acquires the rights and becomes
obligated to perform the duties of the secured party after the
secondary obligor:
(i) Receives an assignment of a secured obligation
from the secured party;
(ii) Receives a transfer of collateral from the
secured party and agrees to accept the rights and assume the
duties of the secured party; or
(iii) Is subrogated to the rights of a secured party
with respect to collateral.
(b) An assignment, transfer or subrogation described in
subsection (a):
(i) Is not a disposition of collateral under section
34.1-9-610; and
(ii) Relieves the secured party of further duties
under this article.