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Senators debate UCC changes for securities; bill fails after concerns from legal experts
2277918 · February 12, 2025
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Summary
Senate File 189, a proposed change to Uniform Commercial Code rules on investment securities and priority, drew objections from Uniform Law Commission members and several senators and failed on final passage.
Senate File 189, which would amend state Uniform Commercial Code provisions governing investment securities and priority of interests, drew sustained floor opposition and failed on final passage.
Senator Case read a letter from members of the Uniform Law Commission and a retired Wyoming Supreme Court justice warning that the bill would delete protections in current…
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