Arizona Laws 47-9342. Bank’s right to refuse to enter into or disclose existence of control agreement
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This article does not require a bank to enter into an agreement of the kind described in section 47-9104, subsection A, paragraph 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.
Terms Used In Arizona Laws 47-9342
- Bank: means an organization that is engaged in the business of banking. See Arizona Laws 47-9102
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215