S.D. Codified Laws § 57A-9-341

Current through the 2024 Legislative Session

Section 57A-9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in § 57A-9-340(c), 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.

SDCL 57A-9-341

SL 2000, ch 231; SL 2024, ch 198, §74.

Amended by S.L. 2024, ch. 198,s. 74, eff. 7/1/2024.