Utah Code 7-1-1007. Liability of financial institutions
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A financial institution is not liable to an account holder or person named or referenced within a record:
(1) for a disclosure that is the result of a subpoena, order, or request made pursuant to Sections 7-1-1001 through 7-1-1006 if the financial institution reasonably believes that the subpoena, order, or request is properly made under Sections 7-1-1001 through 7-1-1006; or
Terms Used In Utah Code 7-1-1007
- Account holder: means a person for whom an account is held by a financial institution. See Utah Code 7-1-1001
- Financial institution: means an institution subject to the jurisdiction of the department because of this title. See Utah Code 7-1-103
- Institution: means :(19)(a) a corporation;(19)(b) a limited liability company;(19)(c) a partnership;(19)(d) a trust;(19)(e) an association;(19)(f) a joint venture;(19)(g) a pool;(19)(h) a syndicate;(19)(i) an unincorporated organization; or(19)(j) any form of business entity. See Utah Code 7-1-103
- Person: means :
(27)(a) an individual;(27)(b) a corporation;(27)(c) a limited liability company;(27)(d) a partnership;(27)(e) a trust;(27)(f) an association;(27)(g) a joint venture;(27)(h) a pool;(27)(i) a syndicate;(27)(j) a sole proprietorship;(27)(k) an unincorporated organization; or(27)(l) any form of business entity. See Utah Code 7-1-103- Record: means information that is:
(1)(e)(i) prepared, owned, received, or retained by a financial institution;(1)(e)(ii)(1)(e)(ii)(A) inscribed on a tangible medium; or(1)(e)(ii)(B) stored in an electronic or other medium; and(1)(e)(iii) retrievable in perceivable form. See Utah Code 7-1-1001- Statute: A law passed by a legislature.
- Subpoena: A command to a witness to appear and give testimony.
(2) for a disclosure or action taken in good faith pursuant to a data match or administrative subpoena provided for by a statute listed in Subsection 7-1-1006(3). - Person: means :