Cal. Com. Code § 9342

Current through the 2024 Legislative Session.
Section 9342 - Bank's right to refuse to enter into or disclose existence of control agreement

This division does not require a bank to enter into an agreement of the kind described in paragraph (2) of subdivision (a) of Section 9104, 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.

Ca. Com. Code § 9342

EFFECTIVE 7/01/2001. Added10/10/1999 (Bill Number: SB 45) (Chapter 991).