Oregon Statutes - Chapter 79 - Secured Transactions - Section 79.0342 - UCC 9-342. Bank’s right to refuse to enter into or disclose existence of control agreement.

This chapter does not require a bank to enter into an agreement of the kind described in ORS 79.0104 (1)(b), 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. [2001 c.445 §62]

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Last modified: August 7, 2008