13-5a-103 - Private action for unfair competition.
13-5a-103. Private action for unfair competition.
(1) (a) Except as provided in Subsection (2), a person injured by unfair competition maybring a private cause of action against a person who engages in unfair competition.
(b) In an action under this Subsection (1), a person injured by unfair competition mayrecover:
(i) actual damages;
(ii) costs and attorney fees; and
(iii) if the court determines that the circumstances are appropriate, punitive damages.
(2) A person may not bring an action described in Subsection (1) against:
(a) a depository institution; or
(b) an entity that:
(i) controls a depository institution;
(ii) is controlled by an entity that controls a depository institution; or
(iii) is controlled by a depository institution.
Enacted by Chapter 372, 2004 General Session