Robert S. Goldstein v. The Riggs National Bank

This appeal presents a question of statutory interpretation concerning 26 D.C.Code 203 (1967) 1 which is the statute designed to protect banks from the dilemma in which they are otherwise placed when they receive a notice that a party other than the depositor has a claim to the money on deposit adverse to the person in whose name the account stands. Appellant Goldstein had a bank account in his name with The Riggs National Bank, the appellee. Riggs received a notice from Goldstein Enterprises, Inc., that the money in the account belonged to it, that appellant was a trustee of the funds, and…