Except as otherwise provided in Subsection
70A-9a-340(3), 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; |
Terms Used In Utah Code 70A-9a-341
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
(2) |
the bank’s knowledge of the security interest; or |
(3) |
the bank’s receipt of instructions from the secured party. |
Enacted by Chapter 252, 2000 General Session