Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 9. SECURED TRANSACTIONS |
Part 3. PERFECTION AND PRIORITY |
SubPart 4. RIGHTS OF BANK |
Section 9--341. Bank's Rights and Duties with Respect to Deposit Account
Latest version.
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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.