Duty of depository financial institution upon notice of adverse claim

Ind. Code § 28-9-3-1
in effect
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Sec. 1. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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