§ 12A-1-9-341. Bank’s rights and duties with respect to deposit account.  


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  • BANK’S RIGHTS AND DUTIES WITH RESPECT TO DEPOSIT ACCOUNT

    Except as otherwise provided in subsection (c) of Section 1-9-340 of this title, 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.

Added by Laws 2000, c. 371, § 68, eff. July 1, 2001.