70C-2-204 - Certain negotiable instruments prohibited. - Utah Statutes

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Statutes > Utah > Title-70c > Chapter-02 > 70c-2-204

70C-2-204. Certain negotiable instruments prohibited.
With respect to a consumer credit sale not involving real property, the seller may not takea negotiable instrument under Section 70A-3-104 other than a check as evidence of theobligation of the buyer. A holder is not in good faith under Subsection 70A-1a-201(2)(t) if hetakes a negotiable instrument with notice that it is issued in violation of this section. A holder indue course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions onthe effect of violations on rights of parties under Section 70C-7-201.

Amended by Chapter 272, 2007 General Session

State Codes and Statutes

Statutes > Utah > Title-70c > Chapter-02 > 70c-2-204

70C-2-204. Certain negotiable instruments prohibited.
With respect to a consumer credit sale not involving real property, the seller may not takea negotiable instrument under Section 70A-3-104 other than a check as evidence of theobligation of the buyer. A holder is not in good faith under Subsection 70A-1a-201(2)(t) if hetakes a negotiable instrument with notice that it is issued in violation of this section. A holder indue course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions onthe effect of violations on rights of parties under Section 70C-7-201.

Amended by Chapter 272, 2007 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-70c > Chapter-02 > 70c-2-204

70C-2-204. Certain negotiable instruments prohibited.
With respect to a consumer credit sale not involving real property, the seller may not takea negotiable instrument under Section 70A-3-104 other than a check as evidence of theobligation of the buyer. A holder is not in good faith under Subsection 70A-1a-201(2)(t) if hetakes a negotiable instrument with notice that it is issued in violation of this section. A holder indue course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions onthe effect of violations on rights of parties under Section 70C-7-201.

Amended by Chapter 272, 2007 General Session