· 12/30/1988
Frazier v. Marine Midland Bank, N.A.
Citations
- 702 F. Supp. 1000
- 1988 U.S. Dist. LEXIS 15077
- 1988 WL 141941
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that the Social Security Act, 42 U.S.C. § 407, which exempts social security benefits from “execution, levy, attachment, garnishment or other legal process,” does not exempt those benefits from setoff, (emphasis added)
- concluding exercise 26 of contractual setoff right in loan agreement is not violative of § 407(a)
- \[A] bank's use of its contractual setoff procedure to settle a depositor's indebtedness is not the type of 'legal process' contemplated by § 407(a).\
Source: CourtListener parenthetical corpus (CC0).
Judges: Curtin
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
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