Ky. Rev. Stat. § 355.9-341

Current through 2024 Ky. Acts ch. 225

Section 355.9-341 - [Effective Until 1/1/2025] Bank's rights and duties with respect to deposit account

Except as otherwise provided in KRS 355.9-340(3), 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.

KRS 355.9-341

Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 81, effective7/1/2001.

This section is set out more than once due to postponed, multiple, or conflicting amendments.