This article does not require a bank to enter into an agreement of the kind described in paragraph (2) of subsection (a) of Code Section 11-9-104, 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.
(Code 1981, §11-9-342, enacted by Ga. L. 2001, p. 362, § 1.)
RESEARCH REFERENCES
U.L.A.
- Uniform Commercial Code (U.L.A.) § 9-342.
PART 4 RIGHTS OF THIRD PARTIES
Law reviews.
- For annual survey of commercial law, see 38 Mercer L. Rev. 85 (1986).
RESEARCH REFERENCES
C.J.S.
- 79 C.J.S., Secured Transactions, §§ 25, 63 et seq., 134.