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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/7-9A-341.htm
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Size:898 bytes
Modified:2003-01-17 12:52:46
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Title:7-9A-341
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Body:Section 7-9A-341

Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Section 7-9A-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:

(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.

(Act 2001-481, p. 647, ยง1.)