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Current as of January 01, 2024 | Updated by Findlaw Staff
In a consumer credit sale or consumer lease the seller or lessor may not take a negotiable instrument other than a check as evidence of the obligation of the buyer or lessee. A holder is not in good faith if he takes a negotiable instrument with notice that it is issued in violation of this section. A holder in due course is not subject to the liabilities set forth in the provisions on the effect of violations on rights of parties (W.S. 40-14-521) and the provisions on civil actions by administrator (W.S. 40-14-613).
Cite this article: FindLaw.com - Wyoming Statutes Title 40. Trade and Commerce § 40-14-237. Certain negotiable instruments prohibited - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-40-trade-and-commerce/wy-st-sect-40-14-237/
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