Cal. Com. Code § 9341

Current through the 2024 Legislative Session.

Section 9341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in subdivision (c) of Section 9340, and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by any of the following:

(1) The creation, attachment, or perfection of a security interest in the deposit account.

(2) The bank's knowledge of the security interest.

(3) The bank's receipt of instructions from the secured party.

Ca. Com. Code § 9341

Amended by Stats 2023 ch 210 (SB 95),s 55, eff. 1/1/2024.

EFFECTIVE 7/01/2001. Added10/10/1999 (Bill Number: SB 45) (Chapter 991).