25-524. Financial institutions; surrender of
assets; nonliability
A. On receipt of a notice of lien or levy a financial institution shall encumber or
surrender, as appropriate, assets held by the institution on behalf of an obligor.
B. Notwithstanding any law to the contrary, a financial institution is not subject
to civil liability for encumbering or surrendering any assets held by the financial
institution in response to a notice of lien or levy issued by the department or for any
action taken in good faith to comply with this section.
C. The remedy provided in this section is limited to collection of past due
support.
|