§ 34.1-9-702 — Savings clause

Wyoming § 34.1-9-702

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

Text

(a) Except as otherwise provided in this part, this act
applies to a transaction or lien within its scope, even if the
transaction or lien was entered into or created before this act
takes effect.
(b) Except as otherwise provided in subsection (c) and
sections 34.1-9-703 through 34.1-9-709:
(i) Transactions and liens that were not governed by
former article 9, were validly entered into or created before
this act takes effect, and would be subject to this act if they
had been entered into or created after this act takes effect,
and the rights, duties and interests flowing from those
transactions and liens remain valid after this act takes effect;
and
(ii) The transactions and liens may be terminated,
completed, consummated and enforced as required or permitted by
this act or by the law that otherwise would apply if this act
had not taken effect.
(c) This act does not affect an action, case or proceeding
commenced before this act takes effect.