Bank's rights and duties with respect to deposit account

Checkout our iOS App for a better way to browser and research.

§ 9341. Bank's rights and duties with respect to deposit

account. Except as otherwise provided in section 9340(c) (relating to when set-off ineffective) 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.


Download our app to see the most-to-date content.