9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement

NY UCC § 9-342 (2019) (N/A)
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Existence of Control Agreement.

This article does not require a bank to enter into an agreement of the kind described in Section 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.