Mass. Gen. Laws ch. 106 § 9-341

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 106:9-341 - Bank's rights and duties with respect to deposit account

Except as otherwise provided in Section 9-340(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.

Mass. Gen. Laws ch. 106, § 9-341

Amended by Acts 2001, c. 26, § 39, eff. 7/1/2001.