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Submitted by UCS on February 27, 2013
On February 14, 2013, the Governor of Wyoming signed House Bill 3 enacting a change to the effectiveness period of UCC financing statements. This extends the filing duration from 5 to 10 years. The change will come into effect on July 1, 2013 along with the 2010 Amendments to Revised Article 9 (RA9).
The Bill states: Except as otherwise provided in subsections (b),(e), (f) and (g), a filed financing statement filed prior to July 1, 2013 is effective for a period of five (5) years after the date of filing and a financing statement filed on or after July 1, 2013 is effective for a period of ten (10) years.
Further: A continuation statement may be filed only within six (6) months before the expiration of the five (5) year period specified in subsection (a) or the thirty (30) year period specified in subsection (b), whichever is applicable.
The link to read House Bill HB0003 in its entirety is displayed below https://wyoleg.gov/2013/Bills/HB0003.pdf
For help with filing financing statements in all 50 states and searching to reflect accurate recordation, please contact us at getanswers@unitedcorporate.com
Written by Our Team
United Corporate Services (“UCS”) provides registered agent services in all 50 states and U.S. territories as well as in select international jurisdictions. With 50 plus years of experience in the legal services industry, UCS partners you with a highly skilled staff of Client Service Representatives who can help with navigating through the complexities of forming and maintaining companies for yourself or your client.
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