N.Y. Uniform Commercial Code Law Section 9-341
Bank’s Rights and Duties with Respect to Deposit Account

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.

Source: Section 9-341 — Bank's Rights and Duties with Respect to Deposit Account, https://www.­nysenate.­gov/legislation/laws/UCC/9-341 (updated Sep. 22, 2014; accessed May 11, 2024).

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Accessed:
May 11, 2024

Last modified:
Sep. 22, 2014

§ 9-341’s source at nysenate​.gov

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