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Indiana Code Title 28. Financial Institutions § 28-9-3-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2.  Except as provided in sections 3 and 4 of this chapter, and notwithstanding IC 34-25-3-3 or any other rule or doctrine of law that:

(1) would cause a depository financial institution to be accountable to an adverse claimant for any portion of any deposit account;  or

(2) would create or impose in favor of an adverse claimant a lien, charge, encumbrance, or other right with respect to a deposit account;

a depository financial institution may, without being liable in damages to any person, honor the order or instructions of a depositor or an agent of a depositor who is authorized under records maintained by the depository financial institution to control the depositor's deposit account.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-9-3-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-9-3-2/

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