Nebraska § 8-3209 When creditor process enforceable against financial institution

Nebraska Statutes

§ 8-3209 — When creditor process enforceable against financial institution

Nebraska·Ch. 8 Banks and Banking

(a)Subject to subsection (b), creditor process with respect to a special deposit is not enforceable against the financial institution holding the special deposit.

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

(1)is served on the financial institution;

(2)provides sufficient information to permit the financial institution to identify the depositor or the beneficiary from the financial institution's books and records; and

(3)gives the financial institution a reasonable opportunity to act on the process.

(c)Creditor process served on a financial institution before it is enforceable against the financial institution under su

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(a) Subject to subsection (b), creditor process with respect to a special deposit is not enforceable against the financial institution holding the special deposit.
(b) Creditor process is enforceable against the financial institution holding a special deposit with respect to an amount the financial institution is obligated to pay a beneficiary or a depositor if the process:
(1) is served on the financial institution;
(2) provides sufficient information to permit the financial institution to identify the depositor or the beneficiary from the financial institution's books and records; and
(3) gives the financial institution a reasonable opportunity to act on the process.
(c) Creditor process served on a financial institution before it is enforceable against the financial institution under subsection (b) does not create a right of the creditor against the financial institution or a duty of the financial institution 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 financial institution.

Nebraska § 8-3209 (When creditor process enforceable against financial institution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.