§412:4-108  No notice of incapacity.  If
a financial institution has not received written notice and is not on actual
notice that a deposit account holder has been adjudicated an incapacitated
person by a court of competent jurisdiction under applicable law, it may make
payments or allow transfers or withdrawals from the account to or on the order
of the account holder in accordance with the provisions of its contract with
the holder, and such payment, transfer or withdrawal shall operate to release
and discharge the financial institution from further liability to the account
holder and the holder's successors in interest with respect to the funds so
paid, transferred or withdrawn, and no action at law or equity may be
maintained against the financial institution for payment, transfer or
withdrawal in accordance with this section. [L 1993, c 350, pt of §1]