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2022 Iowa Code
Title XIII - COMMERCE
Chapter 554 - UNIFORM COMMERCIAL CODE
Section 554.9342 - Bank’s right to refuse to enter into or disclose existence of control agreement.
Universal Citation: IA Code § 554.9342 (2022)
554.9342 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 554.9104, 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.
2000 Acts, ch 1149, §62, 187
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