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2020 Oklahoma Statutes
Title 12A. Commercial Code
§12A-1-9-342. Bank’s right to refuse to enter into or disclose existence of control agreement.
Universal Citation: 12A OK Stat § 12A-1-9-342 (2020)
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 paragraph (2) of subsection (a) of Section 1-9-104 of this title, 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.
Added by Laws 2000, c. 371, § 69, eff. July 1, 2001.
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