810 ILCS 5/9-341

Current through Public Act 103-593

Section 810 ILCS 5/9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in Section 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.

810 ILCS 5/9-341

P.A. 91-893, eff. 7/1/2001.