D.C. Code § 28:9-341

Current through codified legislation effective September 18, 2024

Section 28:9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in § 28:9-340(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.

D.C. Code § 28:9-341

Amended by D.C. Law 25-158,§ 2, 71 DCR 002265, eff. 4/20/2024.

Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.