2012 Senate Bill 1282

Establish certain liability waiver for financial institutions

Introduced in the Senate

Sept. 19, 2012

Introduced by Sen. Darwin Booher (R-35)

To limit the liability of a financial institution for property that was stolen or embezzled and then deposited in an account at the institution, unless it had actual knowledge of the theft or embezzlement, or was grossly negligent in servicing the account. The bill amends a law authorizing triple damages for crimes involving theft, embezzlement, or conversion if property.

Referred to the Committee on Banking and Financial Institutions