Utah Administrative Code
Topic - Commerce
Title R154 - Corporations and Commercial Code
Rule R154-2 - Utah Uniform Commercial Code, Revised Article 9 Rules
Section R154-2-308 - Continuation Statement

(a) Upon the timely filing of one or more continuation statements by any secured party or parties of record, the lapse date of the financing statement shall be postponed for five years.

(b) The lapse date is postponed once notwithstanding the fact that more than one continuation statement is filed within a given six-month period before a lapse date.

(c) Notwithstanding the immediate postponement of the lapse date with respect to one or more secured parties of record who file timely a continuation statement within a given six-month period before a lapse date, the lapse date remains effective solely for purposes of determining whether or not a subsequent continuation statement filed in the same six-month period is timely.