Title 70A - Uniform Commercial Code - Chapter 9a - Uniform Commercial Code - Secured Transactions - Part 3 - Perfection and Priority - Section 309 - Security interest perfected upon attachment.

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Utah Code

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70A-9a-309 Security interest perfected upon attachment. 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