Vt. Stat. tit. 9A § 9-341

Current through L. 2024, c. 185.

Section 9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in subsection 9-340(c) of this title, 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.

9A V.S.A. § 9-341

Added 1999, No. 106 (Adj. Sess.), § 2, eff. 7/1/2001.