Utah Code § 70C-2-204
Certain negotiable instruments prohibited
Utah · Utah Code Title 70C — Utah Consumer Credit Code · Status: effective
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- Citation
- Utah Code § 70C-2-204, Certain negotiable instruments prohibited, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2350348
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Full text
(1) With respect to a consumer credit sale not involving real property, the seller may not take a negotiable instrument under Section 70A-3-104 other than a check as evidence of the obligation of the buyer.
(2) A holder is not in good faith as that term is defined in Section 70A-1a-201 if the holder takes a negotiable instrument with notice that the negotiable instrument is issued in violation of this section.
(3) A holder in due course under Section 70A-3-302 is not subject to the liabilities set forth in the provisions on the effect of violations on rights of parties under Section 70C-7-201.