Wyoming Introduces the 2010 Amendments to UCC Article 9

December 5, 2012

The Wyoming legislature introduced a bill to enact the 2010 Amendments to UCC Article 9 on Tuesday, December 4, 2012.  Senate Bill 13 provides the Alternative B “Safe Harbor” approach for individual debtor name sufficiency in Section 9-503(a)(4), adopts a non-uniform version of Section 9-521 that requires filing offices to accept forms approved by the state, and adopts the uniform effective date of July 1, 2013.

Any bill can be amended throughout the legislative process.  CSC will provide updates for any significant developments with SB 13 and all other state Article 9 legislation.

Additional resources on the 2010 Amendments to UCC Article 9 are available at http://csctransactionwatch.com/amendments/.

If you have questions or need more information on Article 9 legislation, please contact Paul Hodnefield, Associate General Counsel, at phodnefi@cscinfo.com or 800-927-9801, ext. 62375.