Utah § 7-26-401 Immunity.

Utah Statutes

§ 7-26-401 — Immunity.

Utah·Title 7 Financial Institutions Act·Ch. 7-26 Financial Exploitation Prevention Act·Part 7-26-4 Immunity

(1)A covered financial institution or a director, officer, employee, attorney, accountant, agent, or other representative of the covered financial institution:

(1)(a) has no duty to act under this chapter to protect a vulnerable adult from financial exploitation by a third person; and

(1)(b) is immune from all criminal, civil, and administrative liability for not taking a permissive action under this chapter.

(2)A covered financial institution or a director, officer, employee, attorney, accountant, agent, or other representative of the covered financial institution who chooses to act as described in:

(2)(a) Subsection 7-26-201(2), is immune from all criminal, civil, and administrative liability for the act, unless the act is done in bad faith; and

(2)(b) Section 7-26-301 or 7-26-302, i

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(1) A covered financial institution or a director, officer, employee, attorney, accountant, agent, or other representative of the covered financial institution:

(1)(a) has no duty to act under this chapter to protect a vulnerable adult from financial exploitation by a third person; and
(1)(b) is immune from all criminal, civil, and administrative liability for not taking a permissive action under this chapter.
(2) A covered financial institution or a director, officer, employee, attorney, accountant, agent, or other representative of the covered financial institution who chooses to act as described in:

(2)(a) Subsection 7-26-201(2), is immune from all criminal, civil, and administrative liability for the act, unless the act is done in bad faith; and
(2)(b) Section 7-26-301 or 7-26-302, is immune from all criminal, civil, and administrative liability for the act, unless the act:
(2)(b)(i) is done in bad faith; and
(2)(b)(ii) causes pecuniary loss to a vulnerable adult suspected of being a victim of financial exploitation.
(3) The immunity described in this section does not extend to an individual that is a principal, a conspirator, or an accessory after the fact to a criminal offense involving the financial exploitation of a vulnerable adult.

Utah § 7-26-401 (Immunity.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.