Colo. Rev. Stat. § 4-9-341

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session

Section 4-9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in section 4-9-340 (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.

C.R.S. § 4-9-341

Amended by 2023 Ch. 136,§ 70, eff. 8/7/2023.

L. 2001: Entire article R&RE, p. 1370, § 1, effective July 1.

2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).