26-1-9.1-341. Bank's rights and duties with respect to deposit account

IN Code § 26-1-9.1-341 (2019) (N/A)
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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 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 security interest in the deposit account;

(2) the bank's knowledge of the security interest; or

(3) the bank's receipt of instructions from the secured party.

As added by P.L.57-2000, SEC.45.