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Utah Code Title 7. Financial Institutions Act § 7-15-3. Liability of financial institution upon wrongful dishonor

Current as of January 01, 2025 | Updated by Findlaw Staff

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).

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Cite this article: FindLaw.com - Utah Code Title 7. Financial Institutions Act § 7-15-3. Liability of financial institution upon wrongful dishonor - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-7-financial-institutions-act/ut-code-sect-7-15-3/

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