27-1-220. Punitive damages -- when allowed -- limitation.
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/mt/title-27/chapter-1/part-2/27-1-220·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
27-1-220 . Punitive damages -- when allowed -- limitation.
(1)Except as otherwise expressly provided by statute and subject to subsection (3), a judge or jury may award, in addition to compensatory damages, punitive damages for the sake of example and for the purpose of punishing a defendant.
(a)Unless otherwise expressly provided by statute, punitive damages may not be recovered in any action arising from:
(i)contract; or
(ii)breach of contract.
(b)Subsection (2)(a) does not prohibit recovery of punitive damages in a products liability action or an action arising under 33-18-201 .
(3)An award for punitive damages may not exceed $10 million or 3% of a defendant's net worth, whichever is less. This subsection does not limit punitive damages that may be awarded in class action lawsuits.