70A-12a-304. Effectiveness of actions taken before effective date.
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/ut/title-70a/chapter-12a/70a-12a-304·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/6/2026
70A-12a-304. Effectiveness of actions taken before effective date.
(1)If action, other than the filing of a financing statement, is taken before May 6, 2026, and the action would have resulted in perfection of the security interest had the security interest become enforceable before May 6, 2026, the action is effective to perfect a security interest that attaches under this chapter before the adjustment date. An attached security interest becomes unperfected on the adjustment date unless the security interest becomes a perfected security interest under this chapter before the adjustment date.
(2)The filing of a financing statement before May 6, 2026, is effective to perfect a security interest on May 6, 2026, to the extent the filing would satisfy the requirements for perfection under this chapter.
(3)The taking of an action before May 6, 2026, is sufficient for the enforceability of a security interest on May 6, 2026, if the action would satisfy the requirements for enforceability under this chapter.
Enacted by Chapter 322 , 2026 General Session