TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 9

SECURED TRANSACTIONS

PART 3.

PERFECTION AND PRIORITY

28-9-341.  Bank’s rights and duties with respect to deposit account. Except as otherwise provided in section 28-9-340(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:

(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.

History:

[28-9-341, added 2001, ch. 208, sec. 2, p. 755.]