{"data":{"id":"us-ut/utah-code-70a-8-114","jurisdiction":"us-ut","citation":"Utah Code § 70A-8-114","heading":"Securities intermediary and others not liable to adverse claimant.","body":"A securities intermediary that has transferred a financial asset pursuant to an effective entitlement order, or a broker or other agent or bailee that has dealt with a financial asset at the direction of its customer or principal, is not liable to a person having an adverse claim to the financial asset, unless the securities intermediary, or broker or other agent or bailee:\n(1) took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or\n(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title 70A Uniform Commercial Code","Chapter 70A-8 Uniform Commercial Code - Investment Securities","Part 70A-8-1 Short Title and General Matters"],"source_url":"https://le.utah.gov/xcode/Title70A/Chapter8/70A-8-S114.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"93ec3dbe865ec68c4608e6794e9ebfa7fd5209787ee20b25c70280875128b7de","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-70a-8-113","next":"us-ut/utah-code-70a-8-115"},"notice":"GroundRules: Original legal text. Not legal advice."}