§ 8.9a-341

Bank’s rights and duties with respect to deposit account

Except as otherwise provided in § 8.9A-340 (c), and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1. the creation, attachment, or perfection of a security interest in the deposit account;

(2. the bank’s knowledge of the security interest; or

(3. the bank’s receipt of instructions from the secured party.

History

2000, c. 1007.

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