6-3-303."

6-3-303."

31-2-705. Lost, mutilated or destroyed decal.

In the event of loss, mutilation or destruction of any numbered decal, the owner of an off-road recreational vehicle may obtain a duplicate or new numbered decal from any authorized selling agent or any employee of the department of state parks and cultural resources upon filing an affidavit explaining the loss, mutilation or destruction of the original numbered decal and paying a fee of two dollars ($2.00). The selling agent shall forward to the department of state parks and cultural resources one dollar ($1.00) of each fee collected under this section to be deposited in the account created by W.S. 31-2-703(c).

31-2-706. Duration of decal. Each decal issued under this article is effective for the calendar year and shall expire on December 31 of the registration year.

31-2-707. Exemptions.

(a) Off-road recreational vehicles owned or used by a governmental agency are exempt from this article.

(b) In addition to subsection (a) of this section, the off-road recreational vehicle trail user registration required under this article may be waived on an annual basis by the director of the department of state parks and cultural resources for any area designated by the department through a cooperative agreement whereby other governmental agencies agree to contribute to the off-road recreational vehicle trail maintenance and grooming for that area.

(c) Off-road recreational vehicles, when being operated for agricultural use, including but not limited to irrigation, fencing or moving livestock, are exempt from this article.

ARTICLE 8 - MOTOR VEHICLE SECURITY INTERESTS

31-2-801. Perfection of a security interest in a vehicle or motor vehicle.

(a) Perfection of a security interest in a vehicle or motor vehicle required to be titled as hereinafter defined shall occur upon delivery of the following to the office of the county clerk in which the vehicle is located:

(i) A financing statement or security agreement; and

(ii) A properly tendered, completed application for certificate of title along with the valid title of record issued pursuant to W.S. 31-2-103.

(b) Upon receiving the information required under subsection (a) of this section, the county clerk shall endorse the certificate of title to the vehicle or motor vehicle with the lien information, including the month, day and year it was delivered to the county clerk.

(c) Each owner of a vehicle or motor vehicle concerning which an original or substitute certificate of title has been issued who encumbers the title thereto, shall deliver the certificate to the holder of the security interest who, within five (5) days thereafter, shall deliver the certificate to the clerk of the county in which the vehicle is located, and the clerk shall then endorse on the face of the certificate appropriate notation showing the date and amount of the security interest, and the name of the secured party. If the clerk issued the certificate, he shall immediately endorse the same security interest data on the certificate copy on file in his office. If the certificate was issued in some other county or state, he shall promptly transmit to the state or county officer who issued the certificate the same security interest data and the other officer shall promptly endorse same on the certificate copy on file in his office. Every financing statement or security agreement delivered pursuant to the provisions of this subsection shall take effect and be in force from and after the time the secured party delivers a properly tendered, complete application for a certificate of title issued pursuant to W.S.