Utah Code 7-1-1007. Liability of financial institutions

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

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 :

(a)	a corporation;

(b)	a limited liability company;

(c)	a partnership;

(d)

a trust;

(e)	an association;

(f)	a joint venture;

(g)

a pool;

(h)	a syndicate;

(i)	an unincorporated organization; or

(j)

any form of business entity. See Utah Code 7-1-103

Person: means :

(a)	an individual;

(b)	a corporation;

(c)	a limited liability company;

(d)	a partnership;

(e)

a trust;

(f)	an association;

(g)	a joint venture;

(h)

a pool;

(i)	a syndicate;

(j)	a sole proprietorship;

(k)	an unincorporated organization; or

(l)

any form of business entity. See Utah Code 7-1-103

Record: means information that is:

(i)	prepared, owned, received, or retained by a financial institution;

(ii)

(A)	inscribed on a tangible medium; or

(B)	stored in an electronic or other medium; and

(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).

Amended by Chapter 381, 2009 General Session