28-9-3-1. Duty of depository financial institution upon notice of adverse claim

IN Code § 28-9-3-1 (2019) (N/A)
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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.