Uniform commercial code-investment securities amendments.

SF 189 amends Wyoming's Uniform Commercial Code to clarify rules for investment securities held by intermediaries like banks or brokers. It specifies that when an intermediary cannot cover both client claims and creditor claims, client claims (entitlement holders) take priority over creditor claims. The bill updates sections governing property interests, priority rules, and the governing law for securities accounts, replacing older provisions with clearer standards. These changes apply to securities intermediaries operating in Wyoming and take effect July 1, 2025. The bill focuses on legal clarity for asset protection without altering substantive financial obligations.