12-1577. Service of writ on branch of
financial institution
A. Monies owing to a judgment debtor by a banking corporation or association,
savings bank, savings and loan association, credit union, trust company or title
insurance company, maintaining branch offices, or credits or other effects belonging to a
judgment debtor and in the possession of or under the control of such banking corporation
or association, savings bank, savings and loan association, credit union, trust company
or title insurance company, may be levied upon by serving a copy of the writ of
garnishment upon the manager or other officer of such banking corporation or association,
savings bank, savings and loan association, credit union, trust company or title
insurance company, at any office or branch thereof located in the county where such
service is made. No garnishment shall be effective as to any debt owing by such banking
corporation or association, savings bank, savings and loan association, credit union,
trust company or title insurance company, if the account evidencing such indebtedness is
carried at an office or branch other than the office or branch named in the writ and at
which service is made or as to any credits or other effects in its possession or under
its control at any other office or branch, unless the service of the writ is accompanied
by a cash tender of twenty-five dollars to the garnishee as costs for the search. Upon
the payment of the search fee the writ shall be effective as to any debt owing by such
banking corporation or association, savings bank, savings and loan association, credit
union, trust company or title insurance company, if the account evidencing such
indebtedness is carried at any office or branch thereof located in the county in which
service is made or as to any credits or other effects in its possession or under its
control at any office or branch thereof located in the county in which service is made,
but shall not be effective as to any debt owing by such banking corporation or
association, savings bank, savings and loan association, credit union, trust company or
title insurance company, if the account evidencing such indebtedness is carried at an
office or branch thereof located in a county other than the county in which service is
made or as to any credits or other effects in its possession or under its control at any
office or branch thereof located in a county other than the county in which service is
made.
B. The procedure provided in this section for the service of a writ of garnishment
upon any banking corporation or association, savings bank, savings and loan association,
credit union, trust company or title insurance company, maintaining branch offices, shall
be exclusive.
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