UTAH CODE (Last Updated: January 16, 2015) |
Title 70A. Uniform Commercial Code |
Chapter 2. Uniform Commercial Code - Sales |
Part 4. Title, Creditors, and Good Faith Purchasers |
§ 70A-2-403. Power to transfer -- Good faith purchase of goods -- Definition of entrusting.
Latest version.
-
(2) Any entrusting of possession of goods to a merchant who deals in goods of that kind gives him power to transfer all rights of the entruster to a buyer in ordinary course of business. (3) "Entrusting" includes any delivery and any acquiescence in retention of possession regardless of any condition expressed between the parties to the delivery or acquiescence and regardless of whether the procurement of the entrusting or the possessor's disposition of the goods have been such as to be larcenous under the criminal law. (4) The rights of other purchasers of goods and of lien creditors are governed by Chapter 9a, Uniform Commercial Code - Secured Transactions and Chapter 7a, Uniform Commercial Code - Documents of Title.
Amended by Chapter 42, 2006 General Session