Section 34.1-9-704 - Security Interest Unperfected Before Effective Date.

WY Stat § 34.1-9-704 (2019) (N/A)
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34.1-9-704. Security interest unperfected before effective date.

(a) A security interest that is enforceable immediately before this act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time:

(i) Remains an enforceable security interest for one (1) year after this act takes effect;

(ii) Remains enforceable thereafter if the security interest becomes enforceable under section 34.1-9-203 when this act takes effect or within one (1) year thereafter; and

(iii) Becomes perfected:

(A) Without further action, when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or

(B) When the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.