Wyoming Statutes Title 33. Professions and Occupations § 33-12-127. Licenses required; failure to comply; fines
Search Wyoming Statutes
Search by Keyword or Citation
(a) Subordination of security interest created by new debtor. Subject to subsection (b), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for the application of K.S.A. 84-9-316(i)(1) or 84-9-508, and amendments thereto, is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement.
(b) Priority under other provisions; multiple original debtors. The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in subsection (a). However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflicting security interests rank according to priority in time of the new debtor's having become bound.
Cite this article: FindLaw.com - Wyoming Statutes Title 33. Professions and Occupations § 33-12-127. Licenses required; failure to comply; fines - last updated December 01, 2021 | https://codes.findlaw.com/wy/title-33-professions-and-occupations/wy-st-sect-33-12-127.html
Was this helpful?