Ala. Code § 7-9A-341

Current with legislation from 2024 effective through July 1, 2024.

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 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:

(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.

Ala. Code § 7-9A-341 (1975)

Amended by Act 2023-492,§ 1, eff. 7/1/2024.

Act 2001-481, p. 647, §1.