Md. Code, Com. § 9-341

Current with changes from the 2024 Legislative Session

Section 9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in § 9-340(c), 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.

Md. Code, CL § 9-341