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Section 34.1-1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law.

WY Stat § 34.1-1-301 (2019) (N/A)
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34.1-1-301. Territorial applicability; parties' power to choose applicable law.

(a) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties.

(b) In the absence of an agreement effective under subsection (a) of this section, and except as provided in subsection (c) of this section, this act applies to transactions bearing an appropriate relation to this state.

(c) If one (1) of the following provisions of this act specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law so specified:

(i) W.S. 34.1-2-402;

(ii) W.S. 34.1-2.A-105 and 34.1-2.A-106;

(iii) W.S. 34.1-4-102;

(iv) W.S 34.1-4.A-507;

(v) W.S. 34.1-5-116;

(vi) Reserved;

(vii) W.S. 34.1-8-110;

(viii) W.S. 34.1-9-301 through 34.1-9-307.

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Section 34.1-1-302 - Variation by Agreement.