§7-9A-341. Bank's rights and duties with respect to deposit account.  


Latest version.
  • Except as otherwise provided in Section 7-9A-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.

(Act 2001-481, p. 647, §1.)