Sec. 9-341. Bank's rights and duties with respect to deposit account.
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/il/chapter-810/act-5/9-341A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in Section 9-340(c), and unless the bank otherwise agrees in a signed 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.