Neb. U.C.C. § 9-104

Current with changes through 2024
Section 9-104 - Control of deposit account
(a) A secured party has control of a deposit account if:
(1) the secured party is the bank with which the deposit account is maintained;
(2) the debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor;
(3) the secured party becomes the bank's customer with respect to the deposit account; or
(4) another person, other than the debtor:
(A) has control of the deposit account and acknowledges that it has control on behalf of the secured party; or
(B) obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.
(b) A secured party that has satisfied subsection (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.

Neb. U.C.C. § 9-104

Laws 1999, LB 550, § 77; Laws 2000, LB 929, § 26; Laws 2024, LB 94, § 44.
Amended by Laws 2024, LB 94,§ 44, eff. 7/19/2024.