Statutes, codes, and regulations
Alaska Statutes
Title 45 - TRADE AND COMMERCEChapter 45.29 - SECURED TRANSACTIONS
Article 03 - PERFECTION AND PRIORITY
Section 45.29.342 - Bank's right to refuse to enter into or disclose existence of control agreement

Alaska Stat. § 45.29.342

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Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 45.29.342 - 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 AS 45.29.104(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.

AS 45.29.342