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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 9:
Section: 12A:9-341: Bank's Rights and Duties with Respect to Deposit Account.
12A:9-341. Bank's rights and duties with respect to deposit account.
Except as otherwise provided in 12A:9-340 (c), and unless the bank otherwise agrees in an authenticated 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.
L.2001, c.117, s.1; amended 2001, c.386, s.56.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:9-341 (if available):
Court decisions that cite this statute:
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