440.9341 Bank's rights and duties with respect to deposit account.
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440.9341 Bank's rights and duties with respect to deposit account.
Sec. 9341.
Except as otherwise provided in section 9340(3), 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 or more of the following:
(a)The creation, attachment, or perfection of a security interest in the deposit account.
(b)The bank's knowledge of the security interest.
(c)The bank's receipt of instructions from the secured party.
History: Add. 2000, Act 348 , Eff. July 1, 2001