Utah § 70A-9a-617 Rights of transferee of collateral.

Utah Statutes

§ 70A-9a-617 — Rights of transferee of collateral.

Utah § 70A-9a-617

Title 70AUniform Commercial Code

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

Part 70A-9a-6Default

This text of Utah § 70A-9a-617 (Rights of transferee of collateral.) 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-617 (2026).

Text

(1)A secured party's disposition of collateral after default:

(1)(a) transfers to a transferee for value all of the debtor's rights in the collateral;

(1)(b) discharges the security interest under which the disposition is made; and

(1)(c) discharges any subordinate security interest or other subordinate lien.

(2)A transferee that acts in good faith takes free of the rights and interests described in Subsection (1), even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.

(3)If a transferee does not take free of the rights and interests described in Subsection (1), the transferee takes the collateral subject to:

(3)(a) the debtor's rights in the collateral;

(3)(b) the security interest or agricultural lien under which the disposition i

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(1) A secured party's disposition of collateral after default:

(1)(a) transfers to a transferee for value all of the debtor's rights in the collateral;
(1)(b) discharges the security interest under which the disposition is made; and
(1)(c) discharges any subordinate security interest or other subordinate lien.
(2) A transferee that acts in good faith takes free of the rights and interests described in Subsection (1), even if the secured party fails to comply with this chapter or the requirements of any judicial proceeding.
(3) If a transferee does not take free of the rights and interests described in Subsection (1), the transferee takes the collateral subject to:

(3)(a) the debtor's rights in the collateral;
(3)(b) the security interest or agricultural lien under which the disposition is made; and
(3)(c) any other security interest or other lien.