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Utah Code § 70A-9a-110

Security interests arising under Chapter 2 or 2a

Known as the Uniform Commercial Code

The act spans §§ 70–70 (293 sections).

Enacted by Chapter 252, 2000 General Session

A security interest arising under Section 70A-2-401 or 70A-2-505, or Subsection 70A-2-711(3) or 70A-2a-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1) the security interest is enforceable, even if Subsection 70A-9a-203(2)(c) has not been satisfied;

(2) filing is not required to perfect the security interest;

(3) the rights of the secured party after default by the debtor are governed by Chapter 2, Uniform Commercial Code - Sales or Chapter 2a, Uniform Commercial Code - Leases; and

(4) the security interest has priority over a conflicting security interest created by the debtor.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.