{"data":{"id":"us-ut/utah-code-70a-9a-622","jurisdiction":"us-ut","citation":"Utah Code § 70A-9a-622","heading":"Effect of acceptance of collateral.","body":"(1) A secured party's acceptance of collateral in full or partial satisfaction of the obligation it secures:\n(a) discharges the obligation to the extent consented to by the debtor;\n(b) transfers to the secured party all of a debtor's rights in the collateral;\n(c) discharges the security interest or agricultural lien that is the subject of the debtor's consent and any subordinate security interest or other subordinate lien; and\n(d) terminates any other subordinate interest.\n(2) A subordinate interest is discharged or terminated under Subsection (1), even if the secured party fails to comply with this title.","path":["Title 70A Uniform Commercial Code","Chapter 70A-9a Uniform Commercial Code - Secured Transactions","Part 70A-9a-6 Default"],"source_url":"https://le.utah.gov/xcode/Title70A/Chapter9a/70A-9a-S622.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"51e5cd29d883b7102c9a3a2be708b1d86bd061ab662633e43806260d72257b31","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-70a-9a-621","next":"us-ut/utah-code-70a-9a-623"},"notice":"GroundRules: Original legal text. Not legal advice."}