Title 70A - Uniform Commercial Code - Chapter 9a - Uniform Commercial Code - Secured Transactions - Part 7 - Transition - Section 704 - Security interest unperfected before effective date.

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Utah Code

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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 thereafter if the security interest becomes enforceable under Section

70A-9a-203 when this act takes effect or within one year thereafter; and (3) becomes perfected:

(a) without further action, when this act takes effect if the applicable requirements for perfection under this act are satisfied before or at that time; or

(b) when the applicable requirements for perfection are satisfied if the requirements are satisfied after that time.

Enacted by Chapter 252, 2000 General Session