TITLE 6A
Uniform Commercial Code
CHAPTER 6A-9
Secured Transactions
PART 6A-9-301
Perfection and Priority
SECTION 6A-9-342
§ 6A-9-342 Bank's right to refuse to enter
into or disclose existence of control agreement.
This chapter does not require a bank to enter into an agreement of the kind
described in § 6A-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.
History of Section.
(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)