Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 355 - UNIFORM COMMERCIAL CODEArticle 355.9 - SECURED TRANSACTIONS - SALES OF ACCOUNTS, CONTRACT RIGHTS, AND CHATTEL PAPERPart 3 - PERFECTION AND PRIORITY
Subpart 4 - RIGHTS OF BANK
Section 355.9-342 - Bank's right to refuse to enter into or disclose existence of control agreement

Ky. Rev. Stat. § 355.9-342

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Current through 2024 Ky. Acts ch. 225
Section 355.9-342 - Bank's right to refuse to enter into or disclose existence of control agreement

This article does not require a bank to enter into an agreement of the kind described in KRS 355.9-104(1)(b), 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.

KRS 355.9-342

Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 82, effective7/1/2001.