N.M. Stat. § 55-9-341

Current through 2024, ch. 69

Section 55-9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, 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.

NMS § 55-9-341

1978 Comp., § 55-9-341, enacted by Laws 2001, ch. 139, § 61.

Amended by 2023, c. 142,s. 75, eff. 1/1/2024.