Utah Admin. Code R154-2-100 - Definitions
(1) Terms used this rule that are defined in
the UCC and not otherwise defined in this section shall have the respective
meanings given the terms in the UCC.
(2) "Address" means either:
(a) a street address, route number, or PO Box
number plus the city, state and zip code; or
(b) an address that purports to be a mailing
address outside the United State of America.
(3) "Amendment" means any UCC record filed
that relates to the initial financing statement. Amendments include party or
collateral changes, assignments, continuations, and terminations.
(4) "Assignment" is an amendment that assigns
the whole or a part of a secured party's power to authorize an amendment to a
financing statement.
(5) "Filing
office" means the Utah Division of Corporations and Commercial Code in the Utah
Department of Commerce.
(6) "Filing
office statement" means a statement entered into the filing office's UCC
information management system to explain an action by the filing
office.
(7) "Information statement"
means a UCC record that states a financing statement is inaccurate or
wrongfully filed.
(8) "Initial
financing statement" means a UCC record that causes the filing office to
establish the initial record of filing of a financing statement.
(9) "Remitter" means a person who tenders a
UCC record to the filing office for filing, whether the person is a filer or an
agent of a filer responsible for tendering the record for filing. "Remitter"
does not include a person responsible merely for the delivery of the record to
the filing office, such as the postal service or a courier service but does
include a service provider who acts as a filer's representative in the filing
process.
(10) "Searchable indexes"
means the searchable index of individual debtor names and the searchable index
of organization debtor names the filing office must maintain in the UCC
information management system.
(11)
"Secured party of record" means any party designated as a secured party in a
financing statement, including those for whom an amendment has been filed
purporting to delete them as a secured party or purporting to show they have
assigned their secured interest, except as provided in Subsection
R154-2-306(1).
(12) "UCC" means the Uniform Commercial Code
as adopted in Utah.
(13) "UCC
information management system" means the information management system used by
the filing office to store, index, and retrieve information relating to
financing statements as described in Sections
R154-2-300 through
R154-2-314.
(14) "UCC record" means an initial financing
statement, an amendment of party or collateral information, an assignment, a
continuation statement, a termination statement, a filing office statement or
an information statement, and includes a record maintained by the filing
office. The term shall not be considered to refer exclusively to paper or
paper- based writings.
(15)
"Unlapsed record" means a UCC record that has been stored and indexed in the
UCC information management system, which has a lapse date that has not yet
occurred.
Notes
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