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#2022284 - 06/23/15 07:58 PM Out of State Levy
tryin2comply Offline
Joined: Jun 2013
Posts: 87
Situation: Virginia resident, Kentucky checking account. Notice of Tax Lien Levy is received from the Commonwealth of Virginia. As a bank that only operates in Kentucky, are we subject to the jurisdiction of a court from Virginia? It is my understanding that without "domestication" or a "reciprocal" arrangement, we may not be subject to this lien. Any sources and/or recommendations would be appreciated. Thanks!

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#2022739 - 06/24/15 06:05 PM Re: Out of State Levy tryin2comply
Still Developing Offline
100 Club
Joined: Mar 2002
Posts: 199
You need to talk to your bank's attorney. Depending on the letter, they will decide if you need to process or they can give you a letter to send stating the need for KY laws to be followed.

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#2023599 - 06/27/15 01:19 AM Re: Out of State Levy tryin2comply
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Your understanding is correct, but you need to get your attorney to confirm it and tell you how to respond.
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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