Section 519 – Numbering, maintaining, and indexing records — Communicating information provided in records.
70A-9a-519. Numbering, maintaining, and indexing records — Communicating information provided in records. (1) For each record filed in a filing office, the filing office shall: (a) assign a unique number to the filed record; (b) create a record that bears the number assigned to the filed record and the date and time of filing; (c) […]
Section 520 – Acceptance and refusal to accept record.
Effective 5/12/2015 70A-9a-520. Acceptance and refusal to accept record. (1) A filing office shall refuse to accept a record for filing for a reason set forth in Subsection 70A-9a-516(2) or (5) and may refuse to accept a record for filing only for a reason set forth in Subsection 70A-9a-516(2). (2) If a filing office refuses […]
Section 521 – Uniform form of written financing statement and amendment.
Effective 5/12/2015 70A-9a-521. Uniform form of written financing statement and amendment. (1) A filing office that accepts written records may not refuse to accept a written initial financing statement in the form and format set forth in the final official text of the 2010 revisions to Article 9 of the Uniform Commercial Code promulgated by […]
Section 522 – Maintenance and destruction of records.
70A-9a-522. Maintenance and destruction of records. (1) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under Section 70A-9a-515 with respect to all secured parties of record. The record must be retrievable by using […]
Section 523 – Information from filing office — Sale or license of records.
70A-9a-523. Information from filing office — Sale or license of records. (1) If a person that files a written record requests an acknowledgment of the filing, the filing office shall send to the person an image of the record showing the number assigned to the record pursuant to Subsection 70A-9a-519(1)(a) and the date and time […]
Section 524 – Delay by filing office.
70A-9a-524. Delay by filing office. Delay by the filing office beyond a time limit prescribed by this part is excused if: (1) the delay is caused by interruption of communication or computer facilities, war, emergency conditions, failure of equipment, or other circumstances beyond control of the filing office; and (2) the filing office exercises reasonable […]
Section 511 – Secured party of record.
70A-9a-511. Secured party of record. (1) A secured party of record with respect to a financing statement is a person whose name is provided as the name of the secured party or a representative of the secured party in an initial financing statement that has been filed. If an initial financing statement is filed under […]
Section 512 – Amendment of financing statement.
70A-9a-512. Amendment of financing statement. (1) Subject to Section 70A-9a-509, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or, subject to Subsection (5), otherwise amend the information provided in, a financing statement by filing an amendment that: (a) identifies, by its file number, the initial financing statement to […]
Section 513 – Termination statement.
70A-9a-513. Termination statement. (1) A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and: (a) there is no obligation secured by the collateral covered by the financing statement and no commitment to make an […]
Section 513.5 – Termination of wrongfully filed financing statement — Reinstatement.
Effective 5/12/2015 70A-9a-513.5. Termination of wrongfully filed financing statement — Reinstatement. (1) As used in this section: (a) “Established filer” means a person that: (i) regularly causes records to be communicated to the filing office for filing and has provided the filing office with current contact information and information sufficient to establish its identity; or […]