Wyo. Stat. § 34.1-9-620 (2026)

satisfaction of obligation; compulsory disposition of
collateral.

     (a) Except as otherwise provided in subsection (g), a
secured party may accept collateral in full or partial
satisfaction of the obligation it secures only if:

          (i) The debtor consents to the acceptance under
subsection (c);

          (ii) The secured party does not receive, within the
time set forth in subsection (d), a notification of objection to
the proposal authenticated by:
               (A) A person to which the secured party was
required to send a proposal under section 34.1-9-621; or

               (B) Any other person, other than the debtor,
holding an interest in the collateral subordinate to the
security interest that is the subject of the proposal.

          (iii) If the collateral is consumer goods, the
collateral is not in the possession of the debtor when the
debtor consents to the acceptance; and

          (iv) Subsection (e) does not require the secured
party to dispose of the collateral or the debtor waives the
requirement pursuant to section 34.1-9-624.

     (b) A purported or apparent acceptance of collateral under
this section is ineffective unless:

          (i) The secured party consents to the acceptance in
an authenticated record or sends a proposal to the debtor; and

          (ii)   The conditions of subsection (a) are met.

    (c)   For purposes of this section:

          (i) A debtor consents to an acceptance of collateral
in partial satisfaction of the obligation it secures only if the
debtor agrees to the terms of the acceptance in a record
authenticated after default; and

          (ii) A debtor consents to an acceptance of collateral
in full satisfaction of the obligation it secures only if the
debtor agrees to the terms of the acceptance in a record
authenticated after default or the secured party:

               (A) Sends to the debtor after default a proposal
that is unconditional or subject only to a condition that
collateral not in the possession of the secured party be
preserved or maintained;

               (B) In the proposal, proposes to accept
collateral in full satisfaction of the obligation it secures;
and
               (C) Does not receive a notification of objection
authenticated by the debtor within twenty (20) days after the
proposal is sent.

     (d) To be effective under paragraph (a)(ii), a
notification of objection must be received by the secured party:

          (i) In the case of a person to which the proposal was
sent pursuant to section 34.1-9-621, within twenty (20) days
after notification was sent to that person; and

         (ii)   In other cases:

               (A) Within twenty (20) days after the last
notification was sent pursuant to section 34.1-9-621; or

               (B) If a notification was not sent, before the
debtor consents to the acceptance under subsection (c).

     (e) A secured party that has taken possession of
collateral shall dispose of the collateral pursuant to section
34.1-9-610 within the time specified in subsection (f) if:

          (i) Sixty percent (60%) of the cash price has been
paid in the case of a purchase-money security interest in
consumer goods; or

          (ii) Sixty percent (60%) of the principal amount of
the obligation secured has been paid in the case of a
nonpurchase-money security interest in consumer goods.

     (f) To comply with subsection (e), the secured party shall
dispose of the collateral:

         (i)    Within ninety (90) days after taking possession;
or

          (ii) Within any longer period to which the debtor and
all secondary obligors have agreed in an agreement to that
effect entered into and authenticated after default.

     (g) In a consumer transaction, a secured party may not
accept collateral in partial satisfaction of the obligation it
secures.