State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-08 > 70a-8-601

70A-8-601. Transition provisions.
(1) This act does not affect an action or proceeding commenced before this act takeseffect.
(2) If a security interest in a security is perfected at the date this act takes effect, and theaction by which the security interest was perfected would suffice to perfect a security interestunder this act, no further action is required to continue perfection. If a security interest in asecurity is perfected at the date this act takes effect but the action by which the security interestwas perfected would not suffice to perfect a security interest under this act, the security interestremains perfected for a period of four months after the effective date and continues perfectedthereafter if appropriate action to perfect under this act is taken within that period. If a securityinterest is perfected at the date this act takes effect and the security interest can be perfected byfiling under this act, a financing statement signed by the secured party instead of the debtor maybe filed within that period to continue perfection or thereafter to perfect.

Enacted by Chapter 204, 1996 General Session

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-08 > 70a-8-601

70A-8-601. Transition provisions.
(1) This act does not affect an action or proceeding commenced before this act takeseffect.
(2) If a security interest in a security is perfected at the date this act takes effect, and theaction by which the security interest was perfected would suffice to perfect a security interestunder this act, no further action is required to continue perfection. If a security interest in asecurity is perfected at the date this act takes effect but the action by which the security interestwas perfected would not suffice to perfect a security interest under this act, the security interestremains perfected for a period of four months after the effective date and continues perfectedthereafter if appropriate action to perfect under this act is taken within that period. If a securityinterest is perfected at the date this act takes effect and the security interest can be perfected byfiling under this act, a financing statement signed by the secured party instead of the debtor maybe filed within that period to continue perfection or thereafter to perfect.

Enacted by Chapter 204, 1996 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-70a > Chapter-08 > 70a-8-601

70A-8-601. Transition provisions.
(1) This act does not affect an action or proceeding commenced before this act takeseffect.
(2) If a security interest in a security is perfected at the date this act takes effect, and theaction by which the security interest was perfected would suffice to perfect a security interestunder this act, no further action is required to continue perfection. If a security interest in asecurity is perfected at the date this act takes effect but the action by which the security interestwas perfected would not suffice to perfect a security interest under this act, the security interestremains perfected for a period of four months after the effective date and continues perfectedthereafter if appropriate action to perfect under this act is taken within that period. If a securityinterest is perfected at the date this act takes effect and the security interest can be perfected byfiling under this act, a financing statement signed by the secured party instead of the debtor maybe filed within that period to continue perfection or thereafter to perfect.

Enacted by Chapter 204, 1996 General Session