70A-1a-205 - Reasonable time -- Seasonableness.
70A-1a-205. Reasonable time -- Seasonableness.
(1) Whether a time for taking an action required by this title is reasonable depends on thenature, 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 timeis agreed, at or within a reasonable time.
Enacted by Chapter 272, 2007 General Session