North Dakota § 30.1-31-20 (6-227) Setoff

North Dakota Statutes

§ 30.1-31-20 — (6-227) Setoff

North Dakota·Title 30.1 Uniform Probate Code·Ch. 30.1-31 Nonprobate Transfers on Death

Without qualifying any other statutory right to setoff or lien and subject to any contractual
provision, if a party is indebted to a financial institution, the financial institution has a right to
setoff against the account. The amount of the account subject to setoff is the proportion to which
the party is, or immediately before death was, beneficially entitled under section 30.1-31-08 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 setoff or lien and subject to any contractual
provision, if a party is indebted to a financial institution, the financial institution has a right to
setoff against the account. The amount of the account subject to setoff is the proportion to which
the party is, or immediately before death was, beneficially entitled under section 30.1-31-08 or,
in the absence of proof of that proportion, an equal share with all parties.

North Dakota § 30.1-31-20 ((6-227) Setoff) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.