Banker’s Lien – the right of a bank to satisfy a customer’s matured debt by seizing the customer’s money or property in the bank’s possession

banker’s lien:
(1843)

1. The right of a bank to satisfy a customer’s matured debt by seizing the customer’s money or property in the bank’s possession. [1]

1. The lien that a banker has on all moneys and funds of his depositor or customer in his possession for the balance of the general account; and upon all securities of the customer in his hands unless such securities have been delivered to him under a particular agreement limiting their application, or unless there are other circumstances which would make such a lien inconsistent with the actual or presumed intention of the parties.  Anno. 22 ALR2d 478, 10 Am J2d Banks § 660. [2]

1. The lien a bank has on all funds, securities, and other property of a depositor or customer who owes it money. [3]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition by Jack Ballantine (James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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