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Control of deposit account - 13 Pa. Cons. Stat. § 9104

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     § 9104.  Control of deposit account.
        (a)  Requirements for control.--A secured party has control
     of a deposit account if:
            (1)  the secured party is the bank with which the deposit
        account is maintained;
            (2)  the debtor, secured party and bank have agreed in an
        authenticated record that the bank will comply with
        instructions originated by the secured party directing
        disposition of the funds in the deposit account without
        further consent by the debtor; or
            (3)  the secured party becomes the bank's customer with
        respect to the deposit account.
        (b)  Debtor's right to direct disposition.--A secured party
     that has satisfied subsection (a) has control, even if the
     debtor retains the right to direct the disposition of funds from
     the deposit account.

        Cross References.  Section 9104 is referred to in sections
     9203, 9207, 9208, 9314, 9327, 9340, 9342, 9601, 9607 of this
     title.

Last modified: November 27, 2007