41-1a-601. Lien validity -- Security interest.
(1) Except as provided under Subsection (2), a lien upon a vehicle, vessel, or outboard
motor, except a lien dependent upon possession, is not valid against the creditors of an owner
acquiring a lien by levy or attachment, or subsequent purchasers, or encumbrancers without
notice until Sections 41-1a-602 through 41-1a-606 have been complied with.
(2) Security interests in inventory consisting in part of vehicles subject to registration
under this chapter, that are held for sale by a person in the business of selling goods of that kind,
shall be perfected under Section 70A-9a-310, except that buyers in the ordinary course of
business, as defined in Section 70A-1a-201, take free of the security interests as provided in
Section 70A-9a-320.
Amended by Chapter 272, 2007 General Session
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Last revised: Wednesday, July 23, 2008