Statutes, codes, and regulations
Indiana Code
Title 26 - COMMERCIAL LAWArticle 1 - UNIFORM COMMERCIAL CODE
Chapter 9.1 - SECURED TRANSACTIONS
Section 26-1-9.1-342 - Bank's right to refuse to enter into or disclose existence of control agreement

Ind. Code § 26-1-9.1-342

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Current through P.L. 171-2024
Section 26-1-9.1-342 - Bank's right to refuse to enter into or disclose existence of control agreement

IC 26-1-9.1 does not require a bank to enter into an agreement of the kind described in IC 26-1-9.1-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.

IC 26-1-9.1-342

As added by P.L. 57-2000, SEC.45.