A broker-dealer or investment adviser who, in good faith and exercising reasonable care, delays a disbursement or transaction in accordance with Section 61-1-204 is immune from administrative or civil liability that might otherwise arise from the delay.
Utah Code § 61-1-205
Immunity for delaying disbursements or transactions
Known as the Utah Uniform Securities Act
The act spans §§ 61-1-1 to 61-1-9 (58 sections).
Enacted by Chapter 159, 2018 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.