Utah Statutes
§ 70A-2a-531 — Standing to sue third parties for injury to goods.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-2a Uniform Commercial Code - Leases·Part 70A-2a-5 Default, Statute of Limitations, Acceptance of Goods, Lessor Rights
(1)If a third party so deals with goods that have been identified to a lease contract as to cause actionable injury to a party to the lease contract:
(1)(a) the lessor has a right of action against the third party; and
(1)(b) the lessee also has a right of action against the third party if the lessee:
(1)(b)(i) has a security interest in the goods;
(1)(b)(ii) has an insurable interest in the goods; or
(1)(b)(iii) bears the risk of loss under the lease contract or has since the injury assumed that risk as against the lessor and the goods have been converted or destroyed.
(2)If at the time of the injury the party plaintiff did not bear the risk of loss as against the other party to the lease contract and there is no arrangement between them for disposition of the recovery, his suit or set
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 70A-2a-531 (Standing to sue third parties for injury to goods.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 197, 1990 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.