Sec 12-1577. Service of writ on branch of financial institution

A. Monies owing to a judgment debtor by a banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, maintaining branch offices, or credits or other effects belonging to a judgment debtor and in the possession of or under the control of such banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, may be levied upon by serving a copy of the writ of garnishment upon the manager or other officer of such banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, at any office or branch thereof located in the county where such service is made. No garnishment shall be effective as to any debt owing by such banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, if the account evidencing such indebtedness is carried at an office or branch other than the office or branch named in the writ and at which service is made or as to any credits or other effects in its possession or under its control at any other office or branch, unless the service of the writ is accompanied by a cash tender of twenty-five dollars to the garnishee as costs for the search. Upon the payment of the search fee the writ shall be effective as to any debt owing by such banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, if the account evidencing such indebtedness is carried at any office or branch thereof located in the county in which service is made or as to any credits or other effects in its possession or under its control at any office or branch thereof located in the county in which service is made, but shall not be effective as to any debt owing by such banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, if the account evidencing such indebtedness is carried at an office or branch thereof located in a county other than the county in which service is made or as to any credits or other effects in its possession or under its control at any office or branch thereof located in a county other than the county in which service is made.

B. The procedure provided in this section for the service of a writ of garnishment upon any banking corporation or association, savings bank, savings and loan association, credit union, trust company or title insurance company, maintaining branch offices, shall be exclusive.