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--342. Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement
Latest version.
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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.