House Bill No. 6510
               House Bill No. 6510

              PUBLIC ACT NO. 97-158


AN ACT CONCERNING EXECUTION AGAINST DEBTS DUE FROM
BANKING INSTITUTIONS.


    Be  it  enacted  by  the  Senate  and House of
Representatives in General Assembly convened:
    Section  52-367a  of  the  general statutes is
repealed and the following is substituted in  lieu
thereof:
    As  used  in this section and section 52-367b,
the term "banking institution" means [a state bank
and  trust  company, national banking association,
savings  bank,  industrial  bank,  credit   union,
federal credit union, savings and loan association
and federal  savings  and  loan  association]  ANY
BANK,  SAVINGS  BANK, SAVINGS AND LOAN ASSOCIATION
OR CREDIT UNION ORGANIZED, CHARTERED  OR  LICENSED
UNDER  THE LAWS OF THIS STATE OR THE UNITED STATES
AND HAVING ITS MAIN OFFICE IN THIS STATE,  OR  ANY
SIMILAR  OUT-OF-STATE  INSTITUTION HAVING A BRANCH
OFFICE IN THIS STATE.  Execution  may  be  granted
pursuant  to  this  section  against any debts due
from any banking institution to a judgment  debtor
which  is  not  a  natural person. If execution is
desired  against  any  such  debt,  the  plaintiff
requesting  the  execution  shall  so  notify  the
clerk, and the clerk shall  issue  such  execution
containing  a  direction  that the officer serving
the same shall  make  demand  (1)  upon  the  main
office  of any banking institution having its main
office within the county of such officer or (2) if
such  main  office  is  not  within such officer's
county and such banking  institution  has  one  or
more  branch  offices  within such county, upon an
employee of such a branch  office,  such  employee
and  branch  office  having been designated by the
banking institution in accordance with regulations
adopted   by   the   Commissioner  of  Banking  in
accordance with chapter 54, for the payment of any
debt due to the judgment debtor, and, after having
made such demand, shall serve a true and  attested
copy  thereof,  with his actions thereon endorsed,
with the banking  institution  officer  upon  whom
such   demand   is   made.  If  any  such  banking
institution upon which such  execution  is  served
and  upon which such demand is made is indebted to
the judgment debtor, it shall pay to such officer,
in   the   manner  and  at  the  time  hereinafter
described, the amount  of  such  indebtedness  not
exceeding  the amount due on such execution, to be
received and applied on  such  execution  by  such
officer.  Such  banking institution shall act upon
such  execution  according  to  section  42a-4-303
before   its  midnight  deadline,  as  defined  in
section 42a-4-104.  If  such  banking  institution
fails  or  refuses to pay over to such officer the
amount of such debt, not exceeding the amount  due
on  such execution, such banking institution shall
be liable in an action therefor  to  the  judgment
creditor  named  in such execution, and the amount
so recovered by such judgment  creditor  shall  be
applied  toward  the  payment of the amount due on
such execution.

Approved June 24, 1997