Oklahoma § 6-905 - Adverse claims to deposits - Restraining order or

§ 6-905. Adverse claims to deposits - Restraining order or

injunction - Indemnity bond.

Notice to any bank or trust company doing business in this state

of an adverse claim to a deposit standing on its books to the credit

of any person shall not be effectual to cause said bank or trust

company to recognize said adverse claimant unless said adverse

claimant shall also either procure a restraining order, injunction

or other appropriate process against said bank or trust company from

a court of competent jurisdiction in a cause therein instituted by

him wherein the person to whose credit the deposit stands is made a

party and served with summons or shall execute to said bank or trust

company, in form and with sureties acceptable to it, a bond,

indemnifying said bank or trust company from any and all liability,

loss, damage, costs and expenses, for and on account of the payment

of such adverse claim or the dishonor of the check or other order of

the person to whose credit the deposit stands on the books of said

bank or trust company; provided, that this law shall not apply in

any instance where the person to whose credit the deposit stands is

a fiduciary for such adverse claimant, and the facts constituting

such relationship are made to appear by the affidavit of such

claimant.

Added by Laws 1970, c. 321, § 12.