New Jersey Statutes 12A:9-341. Bank’s Rights and Duties with Respect to Deposit Account
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Terms Used In New Jersey Statutes 12A:9-341
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
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.