Utah Code 73-18c-103. Liability not limited to face amount of owner’s security
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(1) If a person maintains owner‘s security under this chapter, it does not limit the person’s liability to the face amount of the owner’s security.
Terms Used In Utah Code 73-18c-103
- Owner: includes a person entitled to the use or possession of a motorboat subject to an interest by another person, reserved or created by agreement and securing payment or performance of an obligation. See Utah Code 73-18c-102
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Plaintiff: The person who files the complaint in a civil lawsuit.
(2) Nothing in this chapter prevents the plaintiff in any action at law from relying for relief upon other processes provided by law.