LegalFix
Sign In

Section 29-7-104 - Termination of Lien; Effect Thereof on Claimant's Right of Possession.

WY Stat § 29-7-104 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

29-7-104. Termination of lien; effect thereof on claimant's right of possession.

(a) A lien under W.S. 29-7-101 through 29-7-106 terminates:

(i) Upon a lienor's voluntary surrender of possession of the property, unless a lien statement has previously been filed as provided in W.S. 29-7-103;

(ii) One hundred eighty (180) days after the date upon which the work, services, materials and feed giving rise to the lien were performed or furnished unless a lien statement has previously been filed as provided by W.S. 29-7-103; and

(iii) One hundred eighty (180) days after a lien statement is filed as provided in W.S. 29-7-103, unless action to enforce and foreclose the lien has commenced.

(b) Upon termination of a lien, the lien claimant has no further right to possession of the property and no further interest therein.

Previous Section
Section 29-7-103 - Lien Statement; Additional Contents; County Clerk to Note Lien on Certificate of Title.
Next Section
Section 29-7-105 - Repossession; Enforcement of Lien by Sale; Notice Thereof to Known Claimants; Satisfaction by Any Claimant; Title of Good Faith Purchaser; Disposition of Proceeds; Additional Creditors' Rights; Liability for Noncompliance With Section; &Quot;commercially Reasonable".