N.Y. Banking Law Section 680-H
When creditor process enforceable against bank


1.

Subject to subdivision two of this section, creditor process with respect to a special deposit is not enforceable against the bank holding the special deposit.

2.

Creditor process is 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.

3.

Creditor process served on a bank before it is enforceable against the bank under subdivision two of this section does not create a right of the creditor against the bank or a duty of the bank to the creditor. The lien law and any other applicable 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. * NB Effective January 1, 2026

Source: Section 680-H — When creditor process enforceable against bank, https://www.­nysenate.­gov/legislation/laws/BNK/680-H (updated Dec. 12, 2025; accessed Dec. 13, 2025).

Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 680-H. When creditor process enforceable against bank's source at nysenate​.gov

Link Style