Kansas Statutes Annotated
Updated Through the 2015 Legislative Session

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Statute Number:9-1207
Chapter Title:BANKS AND BANKING; TRUST COMPANIES
Article Title:BANKING CODE; TRANSACTIONS
Tax Type:Privilege
Brief Description:Adverse claim to deposit.
Keywords:


Body:

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.
History:L. 1947, ch. 102, 56; L. 1965, ch. 564, 400; L. 2015, ch. 38, 71; July 1.



Date Composed: 12/03/2015 Date Modified: 12/04/2015

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