D.C. Code § 28-2958: When creditor process enforceable against bank.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- 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