{"data":{"id":"us-wy/wyo.-stat.-34.1-9-205","jurisdiction":"us-wy","citation":"Wyo. Stat. § 34.1-9-205","heading":"Use or disposition of collateral permissible.","body":"(a) A security interest is not invalid or fraudulent against creditors solely because:\n(i) The debtor has the right or ability to:\n(A) Use, commingle or dispose of all or part of the collateral, including returned or repossessed goods;\n(B) Collect, compromise, enforce or otherwise deal with collateral;\n(C) Accept the return of collateral or make repossessions; or\n(D) Use, commingle or dispose of proceeds; or\n(ii) The secured party fails to require the debtor to account for proceeds or replace collateral.\n(b) This section does not relax the requirements of possession if attachment, perfection or enforcement of a security interest depends upon possession of the collateral by the secured party.","path":["TITLE 34.1 - UNIFORM COMMERCIAL CODE","ARTICLE 9 - SECURED TRANSACTIONS","PART 2 EFFECTIVENESS OF SECURITY AGREEMENT; ATTACHMENT OF SECURITY INTEREST; RIGHTS OF PARTIES TO SECURITY AGREEMENT"],"source_url":"https://wyoleg.gov/statutes/compress/title34.1.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"34afc1bc69727f052a86ed02cba43d5ffeba26dbb19d49e939a341ac9fe386e0","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-34.1-9-204","next":"us-wy/wyo.-stat.-34.1-9-206"},"notice":"GroundRules: Original legal text. Not legal advice."}