13 Pa. C.S. § 9341

Current through Pa Acts 2024-53, 2024-56 through 2024-111

Section 9341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in section 9340(c) (relating to when set-off ineffective) 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.

13 Pa.C.S. § 9341

Amended by P.L. (number not assigned at time of publication) 2024 No. 41,§ 31, eff. 8/30/2024.

2001, June 8, P.L. 123, No. 18, § 16, effective 7/1/2001.