Title 70A Chapter 9a Section 341

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Title 70A
Uniform Commercial Code
Chapter 9a
Uniform Commercial Code - Secured Transactions
Section 341
Bank's rights and duties with respect to deposit account.

            

70A-9a-341.   Bank's rights and duties with respect to deposit account.

            Except as otherwise provided in Subsection 70A-9a-340(3), 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.


Enacted by Chapter 252, 2000 General Session

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