Can you summarize VACV 8.5A-117.1?
This legal document pertains to the security interest of an issuer or nominated person in a document presented under a letter of credit. The issuer or nominated person has a security interest to the extent that they honor or give value for the presentation. The security interest continues until the issuer or nominated person has been reimbursed or has otherwise recovered the value given. The security interest is subject to Title 8.
Can you summarize VACV 8.5A-118?
This title applies to a letter of credit that is issued on or after January 1, 1998. This title does not apply to a transaction, event, obligation, or duty arising out of or associated with a letter of credit that was issued before January 1, 1998. A transaction arising out of or associated with a letter of credit that was issued before January 1, 1998, and the rights, obligations, and interests flowing from that transaction are governed by Title 8.
Can you summarize UTCO 13-44-201?
(1) Any person who conducts business in the state and maintains personal information shall implement and maintain reasonable procedures to:
(a) prevent unlawful use or disclosure of personal information collected or maintained in the regular course of business; and (b) destroy, or arrange for the destruction of, records containing personal information that are not to be retained by the person. (2) The destruction of records under Subsection (1)(b) shall be by:
(a) shredding; (b) erasing; or (c) otherwise modifying the personal information to make the information indecipherable.
Can you summarize UTCO 13-44-202?
This legal document, part of the Protection of Personal Information Act in the Utah Code, requires persons who own or license computerized data containing personal information of Utah residents to conduct a reasonable and prompt investigation when they become aware of a breach of system security. If the investigation reveals that personal information has been or is likely to be misused for identity theft or fraud, the person must provide notification to each affected Utah resident.
Can you summarize UTCO 13-44-301?
This legal document pertains to the enforcement of the Protection of Personal Information Act. The attorney general is authorized to enforce the provisions of this act. There is no private right of action created by this act, but existing private rights of action under other laws, such as contract or tort, are not affected. Violators of this act may be subject to civil penalties, with a maximum penalty of $2,500 for violations concerning a specific consumer and $100,000 in the aggregate for related violations concerning multiple consumers.
Can you summarize UTCO 45-3-3?
This legal document, known as the Abuse of Personal Identity Act, governs the abuse of an individual’s personal identity in advertisements. It states that an individual’s personal identity is considered abused if their identity is used in an advertisement without their consent, implying endorsement. However, there is an exemption if the personal data or publicly available information was lawfully obtained and used for previewing, advertising, or promoting the sale of a product, service, or subscription without implying endorsement.
Can you summarize UTCO 62A-3-301?
This legal document defines and provides explanations for various terms related to the abuse, neglect, or exploitation of vulnerable adults. It applies to individuals who are 18 years old or older and have a mental or physical impairment that affects their ability to protect themselves, provide necessities, obtain services, carry out daily activities, manage finances, or understand the consequences of abuse, neglect, or exploitation. The document defines terms such as abandonment, abuse, neglect, adult, caretaker, capacity to consent, and more.
Can you summarize UTCO 7-1-703?
This legal document, under the Financial Institutions Act, imposes restrictions on the acquisition of institutions and holding companies subject to the jurisdiction of the department. Unless prior written approval is obtained from the commissioner, a person may not acquire control of a depository institution or depository institution holding company, vote the stock acquired in violation, acquire assets or deposit liabilities, cause a depository institution to become a subsidiary of a holding company, cause a person other than an individual to become a holding company, acquire voting or nonvoting securities exceeding 20% of authorized voting securities, or merge or consolidate with a depository institution or holding company.
Can you summarize UTCO 7-1-712?
Any financial institution authorized to do business in this state may acquire an office of any other financial institution located in this state upon obtaining the prior written approval of the commissioner in the manner provided in Section 7-1-708 for the establishment of a branch.
Amended by Chapter 1, 1986 General Session
Can you summarize UTCO 7-1-802?
This legal document governs the confidentiality and availability of information received by the department. It applies to the commissioner, the department, institutions or persons under the jurisdiction of the department, agencies or authorities that regulate the subject of the record or an affiliate of the subject of the record, federal deposit insurance agencies, officials legally authorized to investigate criminal charges, persons preparing a proposal for merging or acquiring an institution, any other person if the commissioner determines that the interests favoring disclosure outweigh the interests favoring confidentiality, and any court in a proceeding under specified sections or chapters.