Except as otherwise provided in ORS 79.0340 (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) The creation, attachment or perfection of a security interest in the deposit account;
(2) The bank’s knowledge of the security interest; or
(3) The bank’s receipt of instructions from the secured party. [2001 c.445 §61]
Section: Previous 79.0334 79.0335 79.0336 79.0337 79.0338 79.0339 79.0340 79.0341 79.0342 79.0401 79.0402 79.0403 79.0404 79.0405 79.0406 NextLast modified: August 7, 2008