2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 9-A: TRANSACTIONS
11 §9-1342. Bank's right to refuse to enter into or disclose existence of control agreement
Part 3: PERFECTION AND PRIORITY
Subpart 4: RIGHTS OF BANK
9-1342. 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 section 9-1104, subsection (1), paragraph (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. [1999, c. 699, Pt. A, 2 (NEW); 1999, c. 699, Pt. A, 4 (AFF).]
SECTION HISTORY
1999, c. 699, A2 (NEW). 1999, c. 699, A4 (AFF).
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