Bank's Rights and Duties With Respect to Deposit Account

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Secured Transactions
  5. Perfection and Priority
  6. Bank's Rights and Duties With Respect to Deposit Account

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Except as otherwise provided in subsection (c) of Code Section 11-9-340, 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.

(Code 1981, §11-9-341, enacted by Ga. L. 2001, p. 362, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 9-341.


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