70A-9a-501. Filing office. (1) Except as otherwise provided in Subsection (2), if the local law of this state governs perfection of a security interest or agricultural lien, the office in which to file a financing statement to perfect the security interest or agricultural lien is: (a) the office designated for the filing or recording of […]
70A-9a-502. Contents of financing statement — Record of mortgage as financing statement — Time of filing financing statement. (1) Subject to Subsection (2), a financing statement is sufficient only if it: (a) provides the name of the debtor; (b) provides the name of the secured party or a representative of the secured party; and (c) […]
70A-9a-503. Name of debtor and secured party. (1) A financing statement sufficiently provides the name of the debtor: (a) except as otherwise provided in Subsection (1)(c), if the debtor is a registered organization or the collateral is held in a trust that is a registered organization, only if the financing statement provides the name that […]
70A-9a-504. Indication of collateral. A financing statement sufficiently indicates the collateral that it covers if the financing statement provides: (1) a description of the collateral pursuant to Section 70A-9a-108; or (2) an indication that the financing statement covers all assets or all personal property. Enacted by Chapter 252, 2000 General Session
70A-9a-505. Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions. (1) A consignor, lessor, or other bailor of goods, a licensor, or a buyer of a payment intangible or promissory note may file a financing statement, or may comply with a statute or treaty described in Subsection 70A-9a-311(1), […]
70A-9a-506. Effect of errors or omissions. (1) A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading. (2) Except as otherwise provided in Subsection (3), a financing statement that fails sufficiently to provide the […]
70A-9a-507. Effect of certain events on effectiveness of financing statement. (1) A filed financing statement remains effective with respect to collateral that is sold, exchanged, leased, licensed, or otherwise disposed of and in which a security interest or agricultural lien continues, even if the secured party knows of or consents to the disposition. (2) Except […]
70A-9a-508. Effectiveness of financing statement if new debtor becomes bound by security agreement. (1) Except as otherwise provided in this section, a filed financing statement naming an original debtor is effective to perfect a security interest in collateral in which a new debtor has or acquires rights to the extent that the financing statement would […]
70A-9a-509. Persons entitled to file a record. (1) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that adds a debtor to a financing statement only if: (a) the debtor authorizes the filing in an authenticated record or pursuant to Subsection (2) or (3); or […]
Effective 5/12/2015 70A-9a-510. Effectiveness of filed record. (1) A filed record is effective only to the extent that it was filed by a person that may file it under Section 70A-9a-509 or by the filing office under Section 70A-9a-513.5. (2) A record authorized by one secured party of record does not affect the financing statement […]
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 […]
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 […]
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 […]
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 […]
70A-9a-514. Assignment of powers of secured party of record. (1) Except as otherwise provided in Subsection (3), an initial financing statement may reflect an assignment of all of the secured party’s power to authorize an amendment to the financing statement by providing the name and mailing address of the assignee as the name and address […]
70A-9a-515. Duration and effectiveness of financing statement — Effect of lapsed financing statement. (1) Except as otherwise provided in Subsections (2), (5), (6), and (7), a filed financing statement is effective for a period of five years after the date of filing. (2) Except as otherwise provided in Subsections (5), (6), and (7), an initial […]
Effective 5/12/2015 70A-9a-516. What constitutes filing — Effectiveness of filing. (1) Except as otherwise provided in Subsection (2) or (5), communication of a record to a filing office and tender of the filing fee or acceptance of the record by the filing office constitutes filing. (2) Filing does not occur with respect to a record […]
70A-9a-517. Effect of indexing errors. The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record. Enacted by Chapter 252, 2000 General Session
70A-9a-518. Claim concerning inaccurate or wrongfully filed record. (1) A person may file in the filing office an information statement with respect to a record indexed there under the person’s name if the person believes that the record is inaccurate or was wrongfully filed. (2) An information statement under Subsection (1) must: (a) identify the […]
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) […]
