Mich. Comp. Laws § 440.9342

Current through Public Act 156 of the 2024 Legislative Session
Section 440.9342 - Bank's right to refuse to enter into or disclose existence of control agreement

This article does not require a bank to enter into an agreement of the kind described in section 9104(1)(b), 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.

MCL 440.9342

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