§ 8.9A-341. Bank's rights and duties with respect to deposit account

VA Code § 8.9A-341 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Except as otherwise provided in § 8.9A-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.

2000, c. 1007.