Wyo. Code R. 002-0001-1
Effective Date: 06/26/2013 to 09/28/2018
Rule Type: Superceded Rules & Regulations
Reference Number: 002.0001.1.06262013
Section 1. Authority. The Secretary of State, pursuant to W.S. 34.1-9-526 is authorized to promulgate rules and regulations to implement the Uniform Commercial Code Article 9 Revisions and to set the filing fees under the Act.
Section 2. Purpose. These rules are adopted to promote the uniform administration of Article 9 of the Uniform Commercial Code.
(a) 'Amendment' means a UCC record that amends the information contained in a financing statement. Amendments include assignments, continuations and terminations.
(b) 'Assignment' is an amendment that assigns all or a part of a secured party's power to authorize an amendment to a financing statement.
(c) 'Collateral' shall have the meaning prescribed by W.S. 34.1-9-1029(a)(xii).
(d) 'Continuation statement' shall have the meaning prescribed by W. S. 34.1-9-102(a)(xxvii).
(e) 'Correction statement' means a UCC record, filed before July 1, 2013, that indicates that a financing statement is inaccurate or wrongfully filed.
(f) 'Debtor' shall have the meaning prescribed by W.S. 34.1-9-102(a)(xxviii).
(g) 'File Number' shall have the meaning prescribed by W.S. 34.1-9-519.
(h) 'Filing office' means an office designated in section 34.1-9-501 as the place to file a financing statement.
(i) 'Financing statement' shall have the meaning prescribed by W.S. 34.1-9-102(a)(xxxix).
(j) 'Individual' means a human being, or a decedent in the case of a debtor that is a decedent's estate.
(k) 'Information statement' means a UCC record, filed on or after July 1, 2013, that indicates that a financing statement is inaccurate or wrongfully filed.
(l) 'Initial financing statement' means a UCC record containing the information required to be in an initial financing statement and that causes the filing office to establish the initial record of existence of a financing statement.
(m) “Internet Filing Service” or “UCC E-System” means an on-line filing service that provides authorized users with the capability to file all UCCs immediately and conduct searches that provide immediate results.
(n) “Organization” means a legal business entity who is not an individual.
(o) “Registered organization” shall have the meaning prescribed by W.S. 34.1-9-102(a)(lxxiii).
(p) “Remitter” means an individual or registered organization that tenders a UCC record to the filing officer for filing, whether the remitter is a filer or an agent of a filer responsible for tendering the record for filing. “Remitter” does not include an individual or registered organization responsible merely for the delivery of the record to the filing office, such as the postal service or a courier service, but does include a service provider who acts as a filer’s representative in the filing process.
(q) “Secured party” shall have the meaning prescribed by W.S. 34.1-9-102(a)(lxxv).
(r) “Termination statement” shall have the meaning prescribed by W.S. 34.1-9-102(a) (lxxxii).
(s) “UCC” means the Uniform Commercial Code as established by Title 34.1, Wyoming Statutes.
(t) “UCC1” means the form used for a new UCC filing.
(u) “UCC3” means the form used for a UCC amendment filing, which includes the following forms:
(v) “UCC5” means the form used for a UCC information statement filing.
(w) “UCC record” means an initial financing statement, an amendment, an assignment, a continuation, a termination or a correction statement.
(a) The fee is $5 for filing a termination statement which terminates an initial financing statement filed prior to July 1, 2001. If the initial financing statement is filed after July 1, 2011, there is no fee.
(b) The fee is $30 for filing an initial financing statement. The fee is $50 if there are more than four pages.
(c) The fee is $15 for filing any amendment statement, except for a continuation statement, of one to four pages communicated on paper including faxes. If there are more than four pages, the fee is $30. The remitter may file multiple UCC3 amendments to the same initial financing statement for one fee. For example, the following combinations of amendments, or portions thereof, may be made for one fee of $15:
(a) The fee is $15 for an initial financing statement.
(b) The fee is $7.50 for filing any amendment statement except for a continuation or information statement. Information statements are not permitted to be filed electronically. The remitter may file multiple UCC3 amendments to the same initial financing statement for one fee. For example, the following combinations of amendments, or portions thereof, may be made for one fee of $7.50:
(e) The fee is $0.00 per name for a UCC search. (f) The fee is $150.00 annually for the Internet Filing Service (up to 10 users). (g) The fee is $2,000 annually for the Internet Download Service.
Acceptable forms are prescribed by the International Association of Commercial Administrator (IACA) forms which are available through the Wyoming Secretary of State's website at: http://soswy.state.wy.us