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Rights and duties of certain secondary obligors.

Utah Code § 70A-9a-618
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70A-9a-618. Rights and duties of certain secondary obligors. (1) A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (a) receives an assignment of a secured obligation from the secured party; (b) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (c) is subrogated to the rights of a secured party with respect to collateral. (2) An assignment, transfer, or subrogation described in Subsection (1): (a) is not a disposition of collateral under Section 70A-9a-610; and (b) relieves the secured party of further duties under this chapter. Enacted by Chapter 252, 2000 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title70A/Chapter9A/70A-9a-S618.html?v=C70A-9a-S618_1800010118000101Fetched: 10/26/2026

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