Bill No.: HB0055                  Drafter:  IDS

 

LSO No.:  12LSO-0272              Effective Date:  March 8, 2012

 

Enrolled Act No.:  HEA0013

 

Chapter No.:       CH0032

 

Prime Sponsor:     Representative Berger

 

Catch Title:       Perfection of security interests-titled personal property.

 

Subject:           Perfection of security interests in motor vehicles.

 

Summary/Major Elements:

 

·         Establishes that the filing of a financing statement is not necessary or effective to perfect a security interest in property that is subject to Wyoming's motor vehicle titling statutes.

 

·         Establishes that not only is the filing of financing statement not necessary to perfect a security interest in property subject to Wyoming's motor vehicle titling statutes, it is insufficient for the purpose of perfecting the security interest.