14-6227. Financial institutions; right to setoff against account
Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, if a party is indebted to a financial institution the financial institution has a right to a setoff against the account. The amount of the account subject to a setoff is the proportion to which the party is, or immediately before death was, beneficially entitled under section 14-6211 or, in the absence of proof of that proportion, an equal share with all parties.
Section: Previous 14-6216 14-6221 14-6222 14-6223 14-6224 14-6225 14-6226 14-6227 14-6301 14-6302 14-6303 14-6304 14-6305 14-6306 14-6307 NextLast modified: October 13, 2016