SF0004 • 2008

Foreclosure-redemption period.

AN ACT relating to foreclosure and redemption of realty sold under mortgage and execution; expanding the acreage required for definition of agricultural real estate; and providing for an effective date.

Elections

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Corporations
Last action: 2008-03-03
Official status: enrolled
Effective date: 7/1/2008

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2008-03-03 LSO
Assigned Chapter Number - 12
2008-03-03 Governor
Governor Signed SEA0003
2008-02-29 House
H Speaker Signed SEA No. 0003
2008-02-28 Senate
S President Signed SEA No. 0003
2008-02-27 LSO
Assigned Number SEA0003
2008-02-27 House
H Passed 3rd Reading
2008-02-26 House
H Passed 2nd Reading
2008-02-25 House
H Passed CoW
2008-02-22 House
H Placed on General File
2008-02-22 House
H07 Recommended Do Pass
2008-02-19 House
H Introduced and Referred to H07
2008-02-15 House
H Received for Introduction
2008-02-15 Senate
S Passed 3rd Reading
2008-02-14 Senate
S Passed 2nd Reading
2008-02-13 Senate
S Passed CoW
2008-02-12 Senate
S Placed on General File
2008-02-12 Senate
S07 Recommended Do Pass
2008-02-11 Senate
S Introduced and Referred to S07
2008-02-11 Senate
S Received for Introduction
2007-12-05 LSO
Bill Number Assigned

Official Summary Text

2008 General Session Summary for SF0004

Bill No.:
SF0004
Drafter:

LGC

LSO No.:
08LSO-0023
Effective Date:

7/1/2008

Enrolled Act No.:
SEA0003

Chapter No.:
12

Prime Sponsor:
Joint Corporations, Elections and Political
Subdivisions Interim Committee

Catch Title:
Foreclosure-redemption
period.

Subject:
Redemption
of agricultural real estate.

Summary/Major Elements:

Current foreclosure law
provides a one year redemption period for agricultural lands.

This act expands the
definition of agricultural lands for these purposes from twenty acres to eighty
acres.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL SENATE

FILE

NO.
0004

ENROLLED ACT NO. 3, SENATE

FIFTY-NINTH LEGISLATURE OF THE STATE OF
WYOMING
2008 BUDGET SESSION

AN ACT relating to
foreclosure
and redemption
of realty sold under
mortgage
and execution; expanding the acreage required for definition of agricultural real estate;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.
W.S. 1
‑
18
‑
103(c) is amended to read:

1
‑
18
‑
103.

Right of redemption; redemption of agricultural real estate; "agricultural real estate" defined.

(c)

The term "agricultural real estate" means any parcel of land in excess of
twenty (20)

eighty (80)
acres lying outside the exterior boundaries of any incorporated city, town or recorded subdivision. If the mortgage recites that the real estate involved is agricultural real estate, it is presumed the parties to the mortgage, their heirs, executors, administrators, assigns, guarantors or successors in interest have agreed to and are bound by all the provisions of law relative to the right of redemption.

Section 2.
Th
is act is effective July 1, 2008
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1