7-15-3. Liability of financial institution upon wrongful dishonor.
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).
Amended by Chapter 9, 2001 General Session
Download Code Section Zipped WordPerfect 07_15_000300.ZIP 1,842 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009