GroundRules
← Search the law
District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28-2958: When creditor process enforceable against bank.

Read at publisher ↗
Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Chapter 29A. Uniform Special Deposits.

(a)

Subject to subsection (b) of this section, creditor process with respect to a special deposit is not enforceable against the bank holding the special deposit.

(b)

Creditor process is enforceable against the bank holding a special deposit with respect to an amount the bank is obligated to pay a beneficiary or a depositor if the process:

(1)

Is served on the bank;

(2)

Provides sufficient information to permit the bank to identify the depositor or the beneficiary from the bank's books and records; and

(3)

Gives the bank a reasonable opportunity to act on the process.

(c)

Creditor process served on a bank before it is enforceable against the bank under subsection (b) of this section does not create a right of the creditor against the bank or a duty of the bank 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 bank.

Collected 2026-08-29T05:44:07Z. Source file · JSON

Browse this collection