Title 7, Chapter 1, Section 353
(a) Except as provided in subsections (b) and (c) of this Code
section, a bank or trust company shall not be required to deny
control over or access to a deposit account or property held in safe
deposit (whether by the bank or trust company or in a safe-deposit
box or other receptacle leased to a customer) to:
(1) The customer in whose name the account or property is held by
the bank or trust company (including one of two depositors or
lessees entitled to such control or access by virtue of their
contract with the bank or trust company); or
(2) A person or group of persons who is authorized to draw on or
control the account or property pursuant to a certified corporate
resolution or other written arrangement with the customer
currently on file with the bank or trust company.
(b) A bank shall be entitled to act and rely upon:
(1) A court order, distraint, levy, or other effective legal
(2) An agreement of the parties concerning an adverse claim; or
(3) A claim of the type described in subsection (a) of this Code
section accompanied by a bond or other indemnity adequate to
protect the bank or trust company from loss as a consequence of
recognizing an adverse claim.
(c) Nothing in this Code section shall impair the effect of a discharge which a bank or trust company would be entitled to under Code Section 11-3-602.