440.9342 Bank's right to refuse to enter into or disclose existence of control agreement.
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440.9342 Bank's right to refuse to enter into or disclose existence of control agreement.
Sec. 9342.
This article does not require a bank to enter into an agreement of the kind described in section 9104(1)(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.
History: Add. 2000, Act 348 , Eff. July 1, 2001