Utah Statutes

§ 61-1-105 — Remedies for employee bringing action.

Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-1 Utah Uniform Securities Act·Part 61-1-1 Securities Fraud Reporting Program Act
(1)As used in this section, "actual damages" means damages for injury or loss caused by a violation of Section 61-1-104.
(2)(2)(a) An employee who alleges a violation of Section 61-1-104 may bring an action for injunctive relief, actual damages, or both, in a court with jurisdiction under Title 78A, Judiciary and Judicial Administration.
(2)(b) An employee may not bring an action under this section more than:
(2)(b)(i) four years after the day on which the violation of Section 61-1-104 occurs; or
(2)(b)(ii) two years after the date when facts material to the right of action are known or reasonably should be known by the employee alleging a violation of Section 61-1-104.
(3)To prevail in an action brought under this section, an employee shall establish, by a preponderance of the evidence

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Legislative History

Amended by Chapter 401, 2023 General Session

Nearby Sections

15
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