Alabama Code (Last Updated: November 28, 2014) |
Title7 COMMERCIAL CODE. |
Article9A. SECURED TRANSACTIONS. |
Part3. PERFECTION AND PRIORITY. |
Division4. Rights of bank. |
§7-9A-341. Bank's rights and duties with respect to deposit account.
Latest version.
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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.