HB0079 • 2009

Mortgages-redemption period.

AN ACT relating to real estate mortgages; clarifying the redemption period for agricultural property; and providing for an effective date.

Enacted

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

Sponsor: Representative Brown
Last action: 2009-02-27
Official status: enrolled
Effective date: 7/1/2009

Plain English Breakdown

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

Bill History

2009-02-27 LSO
Assigned Chapter Number - 62
2009-02-26 Governor
Governor Signed HEA No. 0027
2009-02-23 Senate
S President Signed HEA No. 0027
2009-02-23 House
H Speaker Signed HEA No. 0027
2009-02-20 LSO
Assigned Number HEA No. 0027
2009-02-20 Senate
S Passed 3rd Reading
2009-02-19 Senate
S Passed 2nd Reading
2009-02-18 Senate
S Passed CoW
2009-02-12 Senate
S Placed on General File
2009-02-12 Senate
S03 Recommended Do Pass
2009-01-26 Senate
S Introduced and Referred to S03
2009-01-21 Senate
S Received for Introduction
2009-01-21 House
H Passed 3rd Reading
2009-01-20 House
H Passed 2nd Reading
2009-01-19 House
H Passed CoW
2009-01-16 House
H Placed on General File
2009-01-16 House
H01 Recommended Do Pass
2009-01-14 House
H Introduced and Referred to H01
2009-01-13 House
H Received for Introduction
2008-12-31 LSO
Bill Number Assigned

Official Summary Text

Bill No.: <billno> Drafter: <drafterinit>

Bill No.:
HB0079
Drafter:

LGC

LSO No.:
09LSO-0377
Effective Date:

7/1/2009

Enrolled Act No.:
HEA0027

Chapter No.:
62

Prime Sponsor:
Representative
Brown

Catch Title:
Mortgages-redemption
period.

Subject:
Clarifying redemption period for agricultural
real estate.

Summary/Major Elements:

The
act clarifies that the parties to a mortgage on agricultural real estate, their
heirs, executors, administrators, assigns, guarantors or successors are bound
by the twelve month redemption period generally provided for agricultural
property in law.

Current Bill Text

Read the full stored bill text

WORKING DRAFT

ORIGINAL HOUSE

BILL

NO.
0079

ENROLLED ACT NO. 27, HOUSE OF REPRESENTATIVES

SIXTIETH LEGISLATURE OF THE STATE OF
WYOMING
2009 GENERAL SESSION

AN ACT relating to
real estate
mortgages
; clarifying
the
redemption period for agricultural property;
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 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

twelve (12) month
right of redemption

provided in subsection (b) of this section
.

Section 2.
This act is effective July 1, 2009.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

1