§ 34.1-9-805 — Effectiveness of action taken before July 1, 2013

Wyoming § 34.1-9-805

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

Text

(a) The filing of a financing statement before July 1,
2013, is effective to perfect a security interest to the extent
the filing would satisfy the applicable requirements for
perfection under this title, as amended by the 2013 amendments.
(b) The 2013 amendments do not render ineffective an
effective financing statement that, before July 1, 2013, is
filed and satisfies the applicable requirements for perfection
under the law of the jurisdiction governing perfection as
provided in this title, as it existed before the 2013
amendments. However, except as otherwise provided in
subsections (c) and (d) of this section and W.S. 34.1-9-806, the
financing statement ceases to be effective:
(i) If the financing statement is filed in this
state, at the time the financing statement would have ceased to
be effective had the 2013 amendments not taken effect; or
(ii) If the financing statement is filed in another
jurisdiction, at the earlier of:
(A) The time the financing statement would have
ceased to be effective under the law of that jurisdiction; or
(B) June 30, 2018.
(c) The filing of a continuation statement on or after
July 1, 2013, does not continue the effectiveness of the
financing statement filed before July 1, 2013. However, upon
the timely filing of a continuation statement on or after July
1, 2013, and in accordance with the law of the jurisdiction
governing perfection as provided in this title, as amended by
the 2013 amendments, the effectiveness of a financing statement
filed in the same office in that jurisdiction before July 1,
2013, continues for the period provided by the law of that
jurisdiction.
(d) Subparagraph (b)(ii)(B) of this section applies to a
financing statement that, before July 1, 2013, is filed against
a transmitting utility and satisfies the applicable requirements
for perfection under the law of the jurisdiction governing
perfection as provided in this title, as it existed before the
2013 amendments, only to the extent that this title, as amended
by the 2013 amendments, provides that the law of a jurisdiction
other than the jurisdiction in which the financing statement is
filed governs perfection of a security interest in collateral
covered by the financing statement.
(e) A financing statement that includes a financing
statement filed before July 1, 2013, and a continuation
statement filed on or after July 1, 2013, is effective only to
the extent that it satisfies the requirements of W.S. 34.1-9-501
through 34.1-9-526, as amended by the 2013 amendments, for an
initial financing statement. A financing statement that
indicates that the debtor is a decedent's estate indicates that
the collateral is being administered by a personal
representative within the meaning of W.S. 34.1-9-503(a)(ii), as
amended by the 2013 amendments. A financing statement that
indicates that the debtor is a trust or is a trustee acting with
respect to a property held in trust indicates that the
collateral is held in a trust within the meaning of W.S.
34.1-9-503(a)(iii), as amended by the 2013 amendments.