Indiana Statutes
§ 28-9-3-1 — Duty of depository financial institution upon notice of adverse claim
Except upon the conditions specified in sections 3 and 4 of this chapter, notice to a depository financial institution of an adverse claim does not require the depository financial institution to:
(1)recognize the adverse claim in any manner; or
(2)place a hold on, or otherwise restrict withdrawal of funds
from, a deposit account.
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Indiana § 28-9-3-1 (Duty of depository financial institution upon notice of adverse claim) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
AMERICAN SAVINGS, FSB v. Tokarski
959 N.E.2d 909 (Indiana Court of Appeals, 2011)
Legislative History
As added by P.L.258-1989, SEC.2.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows