2011 Utah Code
Title 7 Financial Institutions Act
Chapter 7 Savings and Loan Associations Act
Section 3.2 General limitation on liability.

7-7-3.2. General limitation on liability.
A director or officer is not liable to the association, its stockholders, members, or depositors, any conservator or receiver, or any assignee or successor-in-interest thereof, for any action taken, or any failure to take any action, as a director or officer, as the case may be, unless:
(1) he has breached or failed to perform the duties of the office in compliance with this title; and
(2) the breach or failure to perform constitutes gross negligence, willful misconduct, or intentional infliction of harm on the association, its stockholders, members, or depositors.