Colorado § 11-111-109 When creditor process enforceable against bank

Colorado Statutes

§ 11-111-109 — When creditor process enforceable against bank

Colorado § 11-111-109

Title 11Financial

Art.Uniform Special Deposits Act

This text of Colorado § 11-111-109 (When creditor process enforceable against bank) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-111-109 (2026).

Text

(1)Subject to subsection (2) of this section, creditor process with respect to a special deposit is not enforceable against the bank holding the special deposit.

(2)Creditor process is enforceable against the bank holding a special deposit with respect to an amount the bank is obligated to pay a beneficiary or a depositor if the process:

(a)Is served on the bank;

(b)Provides sufficient information to permit the bank to identify the depositor or the beneficiary from the bank's books and records; and

(c)Gives the bank a reasonable opportunity to act on the process.

(3)Creditor process served on a bank before it is enforceable against the bank under subsection (2) of this section does not create a right of the creditor against the bank or a duty of the bank to the creditor.

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(1) Subject to
subsection (2) of this section, creditor process with respect to a special deposit is
not enforceable against the bank holding the special deposit.

(2) Creditor process is enforceable against the bank holding a special
deposit with respect to an amount the bank is obligated to pay a beneficiary or a
depositor if the process:

(a) Is served on the bank;

(b) Provides sufficient information to permit the bank to identify the
depositor or the beneficiary from the bank's books and records; and

(c) Gives the bank a reasonable opportunity to act on the process.

(3) Creditor process served on a bank before it is enforceable against the
bank under subsection (2) 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 determines
whether creditor process creates a lien enforceable against the beneficiary on a
contingent interest of a beneficiary, including a depositor as a beneficiary, even if
not enforceable against the bank.