Arizona § 25-524 Financial institutions; surrender of assets; nonliability

Arizona Statutes

§ 25-524 — Financial institutions; surrender of assets; nonliability

Arizona·Title 25 Arizona Revised Statutes·Ch. 5 FAMILY SUPPORT DUTIES·Art. 1 General Provisions

A.On receipt of a notice of lien or levy a financial institution shall encumber or surrender, as appropriate, assets held by the institution on behalf of an obligor.

B.Notwithstanding any law to the contrary, a financial institution is not subject to civil liability for encumbering or surrendering any assets held by the financial institution in response to a notice of lien or levy issued by the department or for any action taken in good faith to comply with this section.

C.The remedy provided in this section is limited to collection of past due support.

Free access — add to your briefcase to read the full text and ask questions with AI

A. On receipt of a notice of lien or levy a financial institution shall encumber or surrender, as appropriate, assets held by the institution on behalf of an obligor.

B. Notwithstanding any law to the contrary, a financial institution is not subject to civil liability for encumbering or surrendering any assets held by the financial institution in response to a notice of lien or levy issued by the department or for any action taken in good faith to comply with this section.

C. The remedy provided in this section is limited to collection of past due support.

Arizona § 25-524 (Financial institutions; surrender of assets; nonliability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.