Utah Code 70A-9a-309. Security interest perfected upon attachment
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The following security interests are perfected when they attach:
(1) a purchase-money security interest in consumer goods, except as otherwise provided in Subsection 70A-9a-311(2) with respect to consumer goods that are subject to a statute or treaty described in Subsection 70A-9a-311(1) ;
Terms Used In Utah Code 70A-9a-309
- Contract: A legal written agreement that becomes binding when signed.
- Decedent: A deceased person.
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Statute: A law passed by a legislature.
(2) an assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor’s outstanding accounts or payment intangibles;(3) a sale of a payment intangible;(4) a sale of a promissory note;(5) a security interest created by the assignment of a health-care-insurance receivable to the provider of the health-care goods or services;(6) a security interest arising under Section70A-2-401 or70A-2-505 or Subsection70A-2-711(3) or70A-2a-508(5) , until the debtor obtains possession of the collateral;(7) a security interest of a collecting bank arising under Section70A-4-210 ;(8) a security interest of an issuer or nominated person arising under Section70A-5-118 ;(9) a security interest arising in the delivery of a financial asset under Subsection70A-9a-206(3) ;(10) a security interest in investment property created by a broker or securities intermediary;(11) a security interest in a commodity contract or a commodity account created by a commodity intermediary;(12) an assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and(13) a security interest created by an assignment of a beneficial interest in a decedent‘s estate.