Utah § 41-3-404 Right of action against dealer, salesperson, crusher, body shop, or surety on bond.

Utah Statutes

§ 41-3-404 — Right of action against dealer, salesperson, crusher, body shop, or surety on bond.

Utah·Title 41 Motor Vehicles·Ch. 41-3 Motor Vehicle Business Regulation Act·Part 41-3-4 Disclosure Requirements

(1)A person may maintain an action against a dealer, crusher, or body shop on the corporate surety bond if:

(1)(a) the person suffers a loss or damage because of:

(1)(a)(i) fraud;

(1)(a)(ii) fraudulent representation; or

(1)(a)(iii) a violation of Section 41-3-210; and

(1)(b) the loss or damage results from the action of:

(1)(b)(i) a licensed dealer;

(1)(b)(ii) a licensed dealer's salesperson acting on behalf of the dealer or within the scope of the salesperson's employment;

(1)(b)(iii) a licensed crusher; or

(1)(b)(iv) a body shop.

(2)Successive recovery against a surety on a bond is permitted, but the total aggregate liability on the bond to all persons making claims, regardless of the number of claimants or the number of years a bond remains in force, may not exceed the amount of the

Free access — add to your briefcase to read the full text and ask questions with AI

(1) A person may maintain an action against a dealer, crusher, or body shop on the corporate surety bond if:

(1)(a) the person suffers a loss or damage because of:
(1)(a)(i) fraud;
(1)(a)(ii) fraudulent representation; or
(1)(a)(iii) a violation of Section 41-3-210; and
(1)(b) the loss or damage results from the action of:
(1)(b)(i) a licensed dealer;
(1)(b)(ii) a licensed dealer's salesperson acting on behalf of the dealer or within the scope of the salesperson's employment;
(1)(b)(iii) a licensed crusher; or
(1)(b)(iv) a body shop.
(2) Successive recovery against a surety on a bond is permitted, but the total aggregate liability on the bond to all persons making claims, regardless of the number of claimants or the number of years a bond remains in force, may not exceed the amount of the bond.
(3) A cause of action may not be maintained against any surety under any bond required under this chapter except as provided in Section 41-3-205.

Utah § 41-3-404 (Right of action against dealer, salesperson, crusher, body shop, or surety on bond.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.