Arizona Statutes

§ 6-259 — When creditor process enforceable against bank

Arizona·Title 6 Arizona Revised Statutes·Ch. 2 BANK ORGANIZATION AND REGULATION·Art. 5. Special Deposits
A.Subject to subsection B of this section, creditor process with respect to a special deposit is not enforceable against the bank holding the special deposit.
B.Creditor process is enforceable against a bank Holding a special deposit with respect to an amount the bank is obligated to pay a beneficiary or a depositor if the process:
1.Is served on the bank;
2.Provides sufficient information to permit the bank to identify the depositor or the beneficiary from the bank's books and records; and
3.Gives the bank a reasonable opportunity to act on the process.
C.Creditor process served on a bank before it is enforceable against the bank under subsection B of this section does not create a right of the creditor against the bank or a duty of the bank to the creditor. Other law determin

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