Louisiana Revised Statutes 10:9-342 – Bank’s right to refuse to enter into or disclose existence of control agreement
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Terms Used In Louisiana Revised Statutes 10:9-342
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
This Chapter does not require a bank to enter into an agreement of the kind described in La. Rev. Stat. 10:9-104(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.
Acts 2001, No. 128, §1, eff. July 1, 2001.