554.9342 Bank’s right to refuse to enter into or disclose existence of control agreement.
67 words·~1 min read·
/ia/chapter-554-uniform-commercial-code/554-9342A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This Article does not require a bank to enter into an agreement of the kind described in section 554.9104, subsection 1, paragraph “b”, even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
2000 Acts, ch 1149, §62, 187