Utah Statutes
§ 70A-9a-325 — Priority of security interests in transferred collateral.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-9a Uniform Commercial Code - Secured Transactions·Part 70A-9a-3 Perfection and Priority
(1)Except as otherwise provided in Subsection (2), a security interest created by a debtor is subordinate to a security interest in the same collateral created by another person if:
(1)(a) the debtor acquired the collateral subject to the security interest created by the other person;
(1)(b) the security interest created by the other person was perfected when the debtor acquired the collateral; and
(1)(c) there is no period thereafter when the security interest is unperfected.
(2)Subsection (1) subordinates a security interest only if the security interest:
(2)(a) otherwise would have priority solely under Subsection 70A-9a-322(1) or Section 70A-9a-324; or
(2)(b) arose solely under Subsection 70A-2-711(3) or 70A-2a-508(5).
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 70A-9a-325 (Priority of security interests in transferred collateral.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 252, 2000 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.