2013 Maryland Code
COMMERCIAL LAW
§ 9-341 - Bank's rights and duties with respect to deposit account


MD Comm L Code § 9-341 (2013) What's This?

§9-341.

Except as otherwise provided in § 9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1) The creation, attachment, or perfection of a security interest in the deposit account;

(2) The bank’s knowledge of the security interest; or

(3) The bank’s receipt of instructions from the secured party.

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