DAR File No. 30592

Commerce, Corporations and Commercial Code

R154-1

Central Filing System for Agriculture Product Liens

FIVE-YEAR NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

DAR File No.: 30592
Filed: 10/16/2007, 08:17
Received by: NL

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Corporations and Commercial Code (UCC) incorporates by reference in its entirety 9 CFR Part 205 1992 to allow in the state the filing of agricultural liens and produce a master list. Section 70A-9a-334 determines that products require a commercial code filing and Section 70A-9a-501 states how that is done. In the case of agricultural products, the filing happens under the federal law 9 CFR 205 1992.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

All comments are positive that the folks who rely on this list are happy with it. They prefer to use the electronic versions of the listing of security interests.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

The rule is still mandated by federal law. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Commerce
Corporations and Commercial Code
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY UT 84111-2316

Direct questions regarding this rule to:

Kathy Berg at the above address, by phone at 801-530-6216, by FAX at 801-530-6438, or by Internet E-mail at kberg@utah.gov

Authorized by:

Francine Giani, Executive Director