Ga. Code § 11-9-341

Current through 2023-2024 Legislative Session Chapters 1-600 and 602-709

Section 11-9-341 - [Effective Until 7/1/2024] Bank's rights and duties with respect to deposit account

Except as otherwise provided in subsection (c) of Code Section 11-9-340, 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.

OCGA § 11-9-341

Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.

This section is set out more than once due to postponed, multiple, or conflicting amendments.