New Jersey Statutes 12A:9-342. Bank’s right to refuse to enter into or disclose existence of control agreement
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Terms Used In New Jersey Statutes 12A:9-342
- person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
12A:9-342. Bank’s Right to Refuse to Enter into or Disclose Existence of Control Agreement.
This chapter does not require a bank to enter into an agreement of the kind described in 12A:9-104 (a) (2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer.
L.2001, c.117, s.1; amended 2001, c.386, s.57.