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§ 28-9-3-1 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 9 - Depository Financial Institutions Adverse Claims Act/
  6. Chapter 3 - Notice of Adverse Claims28-9-3-1. Duty of Depository Financial Institution Upon Notice of Adverse Claim/
  7. § 28-9-3-1
Indiana Legal Code

§ 28-9-3-1

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Except upon the conditions specified in sections 3 and 4 of this chapter, notice to a depository financial institution of an adverse claim does not require the depository financial institution to:(1) recognize the adverse claim in any manner; or(2) place a hold on, or otherwise restrict withdrawal of funds from, a deposit account.As added by P.L.258-1989, SEC.2.