Utah § 70A-9a-405 Modification of assigned contract.

Utah Statutes

§ 70A-9a-405 — Modification of assigned contract.

Utah § 70A-9a-405

Title 70AUniform Commercial Code

Ch. 70A-9aUniform Commercial Code - Secured Transactions

Part 70A-9a-4Rights of Third Parties

This text of Utah § 70A-9a-405 (Modification of assigned contract.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-9a-405 (2026).

Text

(1)A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This Subsection (1) is subject to Subsections (2) through (4).

(2)Subsection (1) applies to the extent that:

(2)(a) the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or

(2)(b) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under Subsection 70A-9a-406(1).

(3)This section is subject to law other than this chapter which estab

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. The assignee acquires corresponding rights under the modified or substituted contract. The assignment may provide that the modification or substitution is a breach of contract by the assignor. This Subsection (1) is subject to Subsections (2) through (4).
(2) Subsection (1) applies to the extent that:

(2)(a) the right to payment or a part thereof under an assigned contract has not been fully earned by performance; or
(2)(b) the right to payment or a part thereof has been fully earned by performance and the account debtor has not received notification of the assignment under Subsection 70A-9a-406(1).
(3) This section is subject to law other than this chapter which establishes a different rule for an account debtor who is an individual and who incurred the obligation primarily for personal, family, or household purposes.
(4) This section does not apply to an assignment of a health-care-insurance receivable.