N.Y. U.C.C. Law § 9-341

Current through 2024 NY Law Chapter 553

Section 9-341 - Bank's Rights and Duties with Respect to Deposit Account

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.

N.Y. U.c.c. Law § 9-341