2012 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
34.1-1-105. Territorial application of the act; parties' power to choose applicable law.

(a) Except as provided hereafter in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this state or of such other state or nation shall govern their rights and duties. Failing such agreement this act applies to transactions bearing an appropriate relation to this state.

(b) Where one (1) of the following provisions of this act specifies the applicable law, that provision governs and a contrary agreement is effective only to the extent permitted by the law (including the conflict of laws rules) so specified:

(i) Rights of creditors against sold goods. Section 34.1-2-402;

(ii) Applicability of the article on leases. Sections 34.1-2.A-105 and 34.1-2.A-106;

(iii) Applicability of the article on bank deposits and collections. Section 34.1-4-102;

(iv) Repealed by Laws 1991, ch. 177, 2.

(v) Applicability of the article on investment securities. Section 34.1-8-110;

(vi) Policy and scope of the article on secured transactions. Section 34.1-9-109;

(vii) Governing law in the article on funds transfers. Section 34.1-4.A-507;

(viii) Letters of credit. Section 34.1-5-116;

(ix) Law governing perfection, the effect of perfection or nonperfection, and the priority of security interests and agricultural liens. Sections 34.1-9-301 through 34.1-9-307.