Va. Code § 8.9A-341

Current with changes from the 2024 legislative session through ch. 845

Section 8.9A-341 - [Effective until 7/1/2025] Bank's rights and duties with respect to deposit account

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.

Va. Code § 8.9A-341

2000, c. 1007.

Amended by Acts 2000, § c.1007.