Section 102 – Specific repealer — Provision for transition.
70A-10-102. Specific repealer — Provision for transition. (1) The following acts and all other acts and parts of acts inconsistent herewith are hereby repealed: (a) Uniform Negotiable Instruments Act, Title 44, U.C.A., 1953; (b) Uniform Warehouse Receipts Act, Title 72, U.C.A., 1953; (c) Uniform Sales Act, Title 60, U.C.A., 1953; (d) Uniform Stock Transfer Act, […]
Section 704 – Security interest unperfected before effective date.
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 […]
Section 705 – Effectiveness of action taken before effective date.
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 […]
Section 706 – When initial financing statement suffices to continue effectiveness of financing statement.
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 […]
Section 707 – Amendment of pre-effective-date financing statement.
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 […]
Section 708 – Persons entitled to file initial financing statement or continuation 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 […]
Section 709 – Priority.
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 […]
Section 801 – Savings clause.
70A-9a-801. Savings clause. (1) Except as otherwise provided in this part, Laws of Utah 2013, Chapter 225 applies to a transaction or lien within its scope, even if the transaction or lien was entered into or created before July 1, 2013. (2)Laws of Utah 2013, Chapter 225 does not affect an action, case, or proceeding […]
Section 701 – Effective date — Terminology.
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
Section 703 – Security interest perfected before effective date.
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 […]