Alabama Code 7-9A-342. Bank’s right to refuse to enter into or disclose existence of control agreement
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 7-9A-342
- person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
This article does not require a bank to enter into an agreement of the kind described in Section 7-9A-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.