Utah Code 70A-9a-310. When filing required to perfect security interest or agricultural lien — Security interests and agricultural liens to which filing provisions do not apply
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(1) Except as otherwise provided in Subsection (2) and Subsection 70A-9a-312(2) , a financing statement must be filed to perfect all security interests and agricultural liens.
Terms Used In Utah Code 70A-9a-310
- Lien: A claim against real or personal property in satisfaction of a debt.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Statute: A law passed by a legislature.
(2) The filing of a financing statement is not necessary to perfect a security interest:
(2)(a) that is perfected under Subsection 70A-9a-308(4) , (5) , (6) , or (7) ;
(2)(b) that is perfected under Section 70A-9a-309 when it attaches;
(2)(c) in property subject to a statute, regulation, or treaty described in Subsection 70A-9a-311(1) ;
(2)(d) in goods in possession of a bailee which is perfected under Subsection 70A-9a-312(4)(a) or (b) ;
(2)(e) in certificated securities, documents, goods, or instruments which is perfected without filing, control, or possession under Subsection 70A-9a-312(5) , (6) , or (7) ;
(2)(f) in collateral in the secured party’s possession under Section 70A-9a-313 ;
(2)(g) in a certificated security which is perfected by delivery of the security certificate to the secured party under Section 70A-9a-313 ;
(2)(h) in deposit accounts, electronic chattel paper, electronic documents, investment property, or letter-of-credit rights which is perfected by control under Section 70A-9a-314 ;
(2)(i) in proceeds which is perfected under Section 70A-9a-315 ; or
(2)(j) that is perfected under Section 70A-9a-316 .
(3) If a secured party assigns a perfected security interest or agricultural lien, a filing under this chapter is not required to continue the perfected status of the security interest against creditors of and transferees from the original debtor.