Ind. Code § 26-1-9.1-341

Current through P.L. 171-2024
Section 26-1-9.1-341 - Bank's rights and duties with respect to deposit account subject to security interest

Except as otherwise provided in IC 26-1-9.1-340(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.

IC 26-1-9.1-341

Amended by P.L. 199-2023,SEC. 70, eff. 7/1/2023.
As added by P.L. 57-2000, SEC.45.