Utah Code 70A-9a-309. Security interest perfected upon attachment
Current as of: 2023 | Check for updates
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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); |
| (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 Section 70A-2-401 or 70A-2-505 or Subsection 70A-2-711(3) or 70A-2a-508(5), until the debtor obtains possession of the collateral; |
| (7) | a security interest of a collecting bank arising under Section 70A-4-210; |
| (8) | a security interest of an issuer or nominated person arising under Section 70A-5-118; |
| (9) | a security interest arising in the delivery of a financial asset under Subsection 70A-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. |
Enacted by Chapter 252, 2000 General Session