70A-1a-205. Reasonable time -- Seasonableness.
(1) Whether a time for taking an action required by this title is reasonable depends on the
nature, purpose, and circumstances of the action.
(2) An action is taken seasonably if it is taken at or within the time agreed or, if no time
is agreed, at or within a reasonable time.
Enacted by Chapter 272, 2007 General Session
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Last revised: Thursday, May 28, 2009