UTAH CODE (Last Updated: January 16, 2015) |
Title 7. Financial Institutions Act |
Chapter 15. Dishonored Instruments |
§ 7-15-3. Liability of financial institution upon wrongful dishonor.
Latest version.
- If a person is liable to a holder under Section 7-15-1 or under a contract with a depository institution as provided in Subsection 7-15-1(9), and the liability is proximately caused by a financial institution's wrongful dishonor under Section 70A-4-402, any award against the financial institution under Section 70A-4-402 shall include all amounts awarded against the person to the holder under:
(1) Section 7-15-1; or (2) the contract with the depository institution as provided in Subsection 7-15-1(9).
Amended by Chapter 9, 2001 General Session