Utah § 7-15-3 Liability of financial institution upon wrongful dishonor.

Utah Statutes

§ 7-15-3 — Liability of financial institution upon wrongful dishonor.

Utah § 7-15-3

Title 7Financial Institutions Act

Ch. 7-15Dishonored Instruments

This text of Utah § 7-15-3 (Liability of financial institution upon wrongful dishonor.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 7-15-3 (2026).

Text

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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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).