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2018 Code of Alabama
Title 7 - COMMERCIAL CODE.
Article 9A - SECURED TRANSACTIONS.
Part 3 - PERFECTION AND PRIORITY.
Division 4 - Rights of bank.
Section 7-9A-342 - Bank's right to refuse to enter into or disclose existence of control agreement.
Universal Citation: AL Code § 7-9A-342 (2018)
Section 7-9A-342Bank'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 7-9A-104(a)(2), 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.
(Act 2001-481, p. 647, §1.)
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