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.