Statutes, codes, and regulations
North Dakota Century Code
Title 41 - UNIFORM COMMERCIAL CODE
Chapter 41-09 - SECURED TRANSACTIONS
Section 41-09-62 - (9-342) Bank's right to refuse to enter into or disclose existence of control agreement

N.D. Cent. Code § 41-09-62

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Current through 2024 Legislative Session
Section 41-09-62 - (9-342) Bank's right to refuse to enter into or disclose existence of control agreement

This chapter does not require a bank to enter into an agreement of the kind described in subdivision b of subsection 1 of section 41-09-04, 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.

N.D.C.C. § 41-09-62