New York Uniform Commercial Code Law Section 9-341 - Bank's Rights and Duties with Respect to Deposit Account

Section 9--341. Bank's   Rights  and  Duties  with  Respect  to  Deposit

Account.

Except as otherwise provided in Section 9--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:

(a) the creation, attachment, or perfection of a security

interest in the deposit account;

(b) the bank's knowledge of the security interest; or

(c) the bank's receipt of instructions from the secured party.


Last modified: February 3, 2019