Utah § 7-15-3 - Liability of financial institution upon wrongful dishonor.
Full text of Utah Utah Code § 7-15-3 — Liability of financial institution upon wrongful dishonor., with citation guidance and answers to common questions.
§ 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
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-15-3
What does Utah Code § 7-15-3 cover?
Section 7-15-3 ("Liability of financial institution upon wrongful dishonor.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 7-15-3?
A common citation format is "Utah Code § 7-15-3" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 7-15-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.