Illinois Compiled Statutes 810 ILCS 5/9-341 – Bank’s rights and duties with respect to deposit account
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Except as otherwise provided in Section 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
(1) the creation, attachment, or perfection of a
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security interest in the deposit account;
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(2) the bank’s knowledge of the security interest; or
(3) the bank’s receipt of instructions from the
Terms Used In Illinois Compiled Statutes 810 ILCS 5/9-341
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
(3) the bank’s receipt of instructions from the
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secured party.
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