78B-21-109. Status of receiver as lien creditor.
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Effective 5/9/2017
78B-21-109. Status of receiver as lien creditor.
On appointment of a receiver, the receiver has the status of a lien creditor under:
(1)Title 70A, Chapter 9a, Uniform Commercial Code - Secured Transactions , as to receivership property that is personal property or fixtures; and
(2)Title 57, Chapter 9, Marketable Record Title , as to receivership property that is real property.
Enacted by Chapter 431 , 2017 General Session