Utah Administrative Code
Topic - Commerce
Title R154 - Corporations and Commercial Code
Rule R154-2 - Utah Uniform Commercial Code, Revised Article 9 Rules
Section R154-2-313 - Removal of Record
Universal Citation: UT Admin Code R 154-2-313
Current through Bulletin 2024-18, September 15, 2024
(1)
(a) A financing statement must remain in the
searchable index within the UCC information management system until at least
one year after it lapses.
(b) On or
after the first anniversary of a lapse, the financing statement and all related
UCC records may be removed from the Searchable Indexes or from the UCC
information management system.
(2)
(a) A
financing statement that states a debtor is a transmitting utility must remain
in the searchable index within the UCC information management system until at
least one year after it is terminated with respect to all secured parties of
record.
(b) On or after the first
anniversary of the termination date of the last remaining secured party of
record, the financing statement may be removed from its searchable index or
from the UCC information management system.
Disclaimer: These regulations may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
