Indiana Code 26-1-9.1-341. Bank’s rights and duties with respect to deposit account subject to security interest
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Sec. 341. Except as otherwise provided in IC 26-1-9.1-340(c), and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
(2) the bank’s knowledge of the security interest; or
(1) the creation, attachment, or perfection of a security interest in the deposit account;
Terms Used In Indiana Code 26-1-9.1-341
- 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 secured party.
As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023, SEC.70.