D.C. Code § 19-602.27
Current through codified legislation effective September 18, 2024
Without qualifying any other statutory right to set-off or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to set-off against the account. The amount of the account subject to set-off is the proportion to which the party is, or immediately before death was, beneficially entitled under section 19-602.11 or, in the absence of proof of that proportion, an equal share with all parties.
D.C. Code § 19-602.27
Uniform Law: This section is based upon § 227 of the Uniform Nonprobate Transfers on Death Act (1991 Act).