Code of Virginia - Title 8.9A Commercial Code - Secured Transactions - Section 8.9A-341 Bank's rights and duties with respect to deposit account

§ 8.9A-341. Bank's rights and duties with respect to deposit account

Except as otherwise provided in § 8.9A-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:

(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.

(2000, c. 1007.)

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Last modified: April 3, 2009