Utah Statutes
§ 70A-9a-326 — Priority of security interests created by new debtor.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-9a Uniform Commercial Code - Secured Transactions·Part 70A-9a-3 Perfection and Priority
(1)Subject to Subsection (2), a security interest that is created by a new debtor in collateral in which the new debtor has or acquires rights and is perfected solely by a filed financing statement that would be ineffective to perfect the security interest but for the application of Subsection 70A-9a-316(9)(a) or Section 70A-9a-508 is subordinate to a security interest in the same collateral which is perfected other than by such a filed financing statement.
(2)The other provisions of this part determine the priority among conflicting security interests in the same collateral perfected by filed financing statements described in Subsection (1). However, if the security agreements to which a new debtor became bound as debtor were not entered into by the same original debtor, the conflictin
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Legislative History
Amended by Chapter 225, 2013 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Laws not repealed.§ 70A-1a-101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.