70A-9a-701. Effective date — Terminology. (1) This act takes effect on July 1, 2001. (2) References in this part to “former Chapter 9” are to Chapter 9, Secured Transactions – Sales of Accounts, Contract Rights and Chattel Paper, as in effect on June 30, 2001. Enacted by Chapter 252, 2000 General Session
70A-9a-703. Security interest perfected before effective date. (1) A security interest that is enforceable immediately before this act takes effect and would have priority over the rights of a person that becomes a lien creditor at that time is a perfected security interest under this act if, when this act takes effect, the applicable requirements […]
70A-9a-704. Security interest unperfected before effective date. A security interest that is enforceable immediately before this act takes effect but which would be subordinate to the rights of a person that becomes a lien creditor at that time: (1) remains an enforceable security interest for one year after this act takes effect; (2) remains enforceable […]
70A-9a-705. Effectiveness of action taken before effective date. (1) If action, other than the filing of a financing statement, is taken before this act takes effect and the action would have resulted in priority of a security interest over the rights of a person that becomes a lien creditor had the security interest become enforceable […]
70A-9a-706. When initial financing statement suffices to continue effectiveness of financing statement. (1) The filing of an initial financing statement in the office specified in Section 70A-9a-501 continues the effectiveness of a financing statement filed before this act takes effect if: (a) the filing of an initial financing statement in that office would be effective […]
70A-9a-707. Amendment of pre-effective-date financing statement. (1) In this section, “pre-effective-date financing statement” means a financing statement filed before this act takes effect. (2) After this act takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement […]
70A-9a-708. Persons entitled to file initial financing statement or continuation statement. A person may file an initial financing statement or a continuation statement under this part if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under this part: (a) to continue the effectiveness of a financing statement filed […]
70A-9a-709. Priority. (1) This act determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before this act takes effect, former Chapter 9, Secured Transactions – Sales of Accounts, Contract Rights and Chattel Paper, determines priority. (2) For purposes of Subsection 70A-9a-322(1), the priority of a security […]
