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2017 Maryland Code
Commercial Law
Title 9 - Secured Transactions
Subtitle 3 - Perfection and Priority
§ 9-341. Bank's rights and duties with respect to deposit account
Universal Citation: MD Comm L Code § 9-341 (2017)
- Except as otherwise provided in ยง 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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