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Can you summarize WYST Title 34.1, Article 9?
UNIFORM COMMERCIAL CODE > SECURED TRANSACTIONS
Short Summary
The provided legal document content pertains to the transition provisions for the 2013 amendments to the Wyoming Statutes under the Uniform Commercial Code for secured transactions. These provisions specify the effective date of the 2013 amendments, stating that they are effective from July 1, 2013. The amendments apply to transactions or liens within their scope, regardless of whether they were entered into or created before July 1, 2013. However, the amendments do not affect actions, cases, or proceedings commenced before July 1, 2013. The document also addresses the treatment of security interests that are perfected or unperfected immediately before July 1, 2013. A perfected security interest remains perfected under the amended title if the applicable requirements for attachment and perfection are satisfied on July 1, 2013, without further action. If the requirements for perfection are not satisfied on July 1, 2013, a security interest remains perfected thereafter only if the applicable requirements are satisfied within one year after July 1, 2013. An unperfected security interest becomes perfected on July 1, 2013, if the applicable requirements for perfection are satisfied before or at that time. The document also provides provisions for the amendment of pre-effective-date financing statements, stating that any amendments must be done in accordance with the law of the jurisdiction governing perfection as provided in the title, as amended by the 2013 amendments. The effectiveness of a pre-effective-date financing statement may be terminated in accordance with the law of the jurisdiction in which it is filed. The document also mentions the priority of conflicting claims to collateral, stating that if the relative priorities were established before July 1, 2013, the priority is determined by the title as it was in effect on June 30, 2013. Overall, these provisions govern the application and treatment of secured transactions in Wyoming in relation to the 2013 amendments to the Wyoming Statutes under the Uniform Commercial Code.
Whom does it apply to?
Parties involved in secured transactions, lien creditors, secured parties, and individuals or entities filing financing statements
What does it govern?
Transition provisions for the 2013 amendments to the Wyoming Statutes under the Uniform Commercial Code for secured transactions
What are exemptions?
No specific exemptions or penalties are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Wyoming