Mich. Comp. Laws § 440.9341

Current through Public Act 156 of the 2024 Legislative Session

Section 440.9341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in section 9340(3), 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 or more of the following:

(a) The creation, attachment, or perfection of a security interest in the deposit account.

(b) The bank's knowledge of the security interest.

(c) The bank's receipt of instructions from the secured party.

MCL 440.9341

Add. 2000, Act 348, Eff. 7/1/2001.