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  • SECTION 9-341
    Bank's Rights and Duties with Respect to Deposit Account
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  • SUBPART 4
    Rights of Bank
    • This entry was published on 2014-09-22
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    SECTION 9-342

    Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 3, SUBPART 4

    Section 9--342. Bank's Right to Refuse to Enter into or Disclose

    Existence of Control Agreement.

    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.