Cite as: 80 CNCA § 9-341

Bank's Rights and Duties With Respect to Deposit Account

Except as otherwise provided in 80 CNCA § 9–340(c), 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) 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.

Historical Data

LA 26–03, eff. October 2, 2003.