District of Columbia § 19-602.27 Set-off.

District of Columbia Statutes

§ 19-602.27 — Set-off.

District of Columbia § 19-602.27

JurisdictionDistrict of Columbia

Title 19Descent, Distribution, and Trusts. [Enacted title]

Ch. 6Nonprobate Transfers on Death; Uniform Law.

Subch. IIMultiple-Person Accounts.

Part CProtection Of Financial Institutions.

This text of District of Columbia § 19-602.27 (Set-off.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 19-602.27 (2026).

Text

Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to set-off against the account. The amount of the account subject to set-off is the proportion to which the party is, or immediately before death was, beneficially entitled under section 19-602.11   or, in the absence of proof of that proportion, an equal share with all parties.

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Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to set-off against the account. The amount of the account subject to set-off is the proportion to which the party is, or immediately before death was, beneficially entitled under section 19-602.11 or, in the absence of proof of that proportion, an equal share with all parties.