2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 079 - Secured Transactions
Section 79.0341 - UCC 9-341. Bank’s rights and duties with respect to deposit account.

Universal Citation: OR Rev Stat § 79.0341 (2017)

Except as otherwise provided in ORS 79.0340 (3), 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. [2001 c.445 §61]

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