Sec. 9341.
Except as otherwise provided in section 9340(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 or more of the following:
(a) The creation, attachment, or perfection of a security interest in the deposit account.
(b) The bank's knowledge of the security interest.
(c) The bank's receipt of instructions from the secured party.
History: Add. 2000, Act 348, Eff. July 1, 2001
Last modified: October 10, 2016