GroundRules
Utah Code § 70A-12a-306: Priority of claims when priority rules of Chapter 9a, Uniform Commercial Code - Secured Transactions, do not apply.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-12a Uniform Commercial Code - Transitional Provisions For Uniform Commercial Code Amendments (2022)
- Part 70A-12a-3 Transitional Provisions For Chapter 9a, Uniform Commercial Code - Secured Transactions And Chapter 12, Uniform Commercial Code - Controllable Electronic Records
(1) Subject to Subsections (2) and (3), Chapter 12, Uniform Commercial Code - Controllable Electronic Records, determines the priority of conflicting claims to Article 12 property when the priority rules of Chapter 9a, Uniform Commercial Code - Secured Transactions, as amended by this chapter do not apply.
(2) Subject to Subsection (3), when the priority rules of Chapter 9a, Uniform Commercial Code - Secured Transactions, as amended by this chapter do not apply and the priorities of claims to Article 12 property were established before May 6, 2026, law other than Chapter 12, Uniform Commercial Code - Controllable Electronic Records, determines priority.
(3) When the priority rules of Chapter 9a, Uniform Commercial Code - Secured Transactions, as amended by this chapter do not apply, to the extent the priorities determined by this chapter modify the priorities established before May 6, 2026, the priorities of claims to Article 12 property established before May 6, 2026, cease to apply on the adjustment date.
Collected 2026-09-03T11:34:34Z. Source file · JSON