9-1207. Adverse claim to deposit.
9-1207
9-1207. Adverse claim to deposit.
Notice to any bank of an adverse claim to a deposit with such bank need
not be recognized, and shall not be deemed effective, unless and until
either the person making the claim supplies indemnity deemed adequate by
the bank or the bank is served with process or order issued by a court of
competent jurisdiction in an action in which the adverse claimant and the
person or persons nominally entitled to the deposit are parties.
History: L. 1947, ch. 102, § 56; L. 1965, ch. 564, §
400; Jan. 1, 1966.