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2012 Utah Code
Title 70A - Uniform Commercial Code
Article 9a - Uniform Commercial Code - Secured Transactions
Section 342 - Bank's right to refuse to enter into or disclose existence of control agreement.
Universal Citation:
UT Code ยง 70A-9a-342 (2012)
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70A-9a-342. Bank's right to refuse to enter into or disclose existence of control agreement.
This chapter does not require a bank to enter into an agreement of the kind described in Subsection 70A-9a-104(1)(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.
Enacted by Chapter 252, 2000 General Session
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