ⓘ Banker's lien

                                     

ⓘ Bankers lien

A bankers lien is a legal right arise in many common law jurisdictions of a bank to exercise a lien over any property in the custody of the bank as security for the indebtedness of the customer to the bank.

                                     

1. Scope

The precise effect of a bankers lien varies according to the laws of a particular jurisdiction. Under English common law it applies to all property coming into the possession of the bank in the usual course of banking business, subject to the important exception that it does not apply to property which is deposited with the bank for safe custody.

Whilst most common law liens normally only give the lienee a passive right to retain the property, unusually, the bankers lien permits the bank the sell the relevant property.

The lien does not generally extend to intangible rights, including credit balances on accounts. However those credit balances may be subject to the bankers right to combine accounts.

The bankers lien may be modified or abrogated by agreement.

                                     
  • as a charging lien solicitor s lien or a retaining lien in some jurisdictions. banker s lien - the right of a bank to satisfy a customer s matured debt
  • this was a type of set - off right rather than anything related to the banker s lien a separate common law right Typically the right will be exercised
  • Lien VietPostBank is a Vietnamese retail bank based in Hanoi. Lien Viet Post Joint Stock Commercial Bank, formerly known as Lien VietBank before 2011, is
  • Lien Ying Chow, George, simplified Chinese: 连瀛洲 traditional Chinese: 連瀛洲 pinyin: Lian Ying Zhōu 2 August 1906 - 6 August 2004 was a Singaporean businessperson
  • September 29, 2013, motorist Alexian Lien was assaulted while driving on the Henry Hudson Parkway in New York City. Lien had gotten into an altercation with
  • of set - off, and not a part of the law relating to a banker s lien A party could not have a lien over their own property. A bank could agree not to exercise
  • While acknowledging the concept of maritime lien the 1999 Convention specifically creates no new maritime liens Article 1 adds new categories of Maritime
  • Frisbie on January 5, 1897, and they had two children. He wrote Ohio Mechanics Lien Law, 1901. He was United States Commissioner for Northern District of Ohio
  • Taiwan Provincial Government. He was named finance minister under Premier Lien Chan in February 1993. Lin stepped down in June 1996, accepting an appointment
  • Commercial Code and Bankers Handbook to draw notices of lien against public officials. The liens were then allegedly sold to generate equity to fund an