N.D. Cent. Code § 41-09-61

Current through 2023 Legislative Sessions

Section 41-09-61 - (9-341) Bank's rights and duties with respect to deposit account or certificate of deposit

Except as otherwise provided in subsection 3 of section 41-09-60, and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account or certificate of deposit 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 or certificate of deposit;

2. The bank's knowledge of the security interest; or

3. The bank's receipt of instructions from the secured party.

N.D.C.C. § 41-09-61

Amended by S.L. 2023 , ch. 371( HB 1082 ), § 73, eff. 8/1/2023.