Wyo. Stat. § 34.1-9-618: Rights and duties of certain secondary obligors.

(a) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor:

(i) Receives an assignment of a secured obligation from the secured party;

(ii) Receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or

(iii) Is subrogated to the rights of a secured party with respect to collateral.

(b) An assignment, transfer or subrogation described in subsection (a):

(i) Is not a disposition of collateral under section 34.1-9-610; and

(ii) Relieves the secured party of further duties under this article.