Ind. Code § 28-9-3-1

Current through P.L. 171-2024

Section 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.

IC 28-9-3-1

As added by P.L. 258-1989, SEC.2.