New York Uniform Commercial Code Law Section 9-342 - Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement

Section 9--342. Bank's  Right  to  Refuse  to  Enter  into  or  Disclose

Existence of Control Agreement.

This article does not require a bank to enter into an agreement of the kind described in Section 9--104(a)(2), 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.


Last modified: February 3, 2019