Effective July 1, 2013, House Bill HB0003 will extend the duration a Uniform Commercial Code (UCC) Financing Statement is active in Wyoming. Once the bill is in effect, a UCC filed on or after July 1, 2013 will be active for 10 years, rather than the previous duration of 5 years. UCC-3 Continuations filed on or after July 1, 2013 will extend the duration of the financing statement for 10 years. The bill will not retroactively extend any UCCs currently on file and any UCC-1 or UCC-3 filings will be active for 5 years if filed before July 1. 2013. For more specific information on the new law, please see the house bill text.


Wyoming – New UCC Effective Duration
Tagged on: