When Creditor Process Enforceable Against Bank

RSA 384-H:9

RSA 384-H:9

I. Subject to paragraph II, creditor process with respect to a special deposit shall not be enforceable against the bank holding the special deposit. II. Creditor process shall be enforceable against the bank holding a special deposit with respect to an amount the bank is obligated to pay a beneficiary or a depositor if the process: (a) Is served on the bank; (b) Provides sufficient information to permit the bank to identify the depositor or the beneficiary from the bank's books and records; and (c) Gives the bank a reasonable opportunity to act on the process. III. Creditor process served on a bank before it is enforceable against that bank under paragraph II shall not create a right of the creditor against the bank or a duty of the bank to the creditor. Other law shall determine whether creditor process creates a lien enforceable against the beneficiary on a contingent interest of a beneficiary, including a depositor as a beneficiary, even if not enforceable against the bank.