§9-1341. Bank's rights and duties with respect to deposit account
139 words·~1 min read·
/me/title-11-uniform-commercial-code/9-1341A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as otherwise provided in section 9‑1340, subsection
(3), 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: [PL 2023, c. 669, Pt. A, §132 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
(1). The creation, attachment or perfection of a security interest in the deposit account;
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(2). The bank's knowledge of the security interest; or
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(3). The bank's receipt of instructions from the secured party.
[PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]