9-1207. Adverse claim to deposit.
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/ks/chapter-9/9-1207A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-1207. Adverse claim to deposit. An adverse claim to a bank deposit does not need to be paid out by the bank, unless and until either the:
(a)Person making the claim supplies indemnity deemed adequate by the bank; or
(b)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.