This article does not require a bank to enter into an agreement of the kind described in § 28:9-104(a)(2), 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.
(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)
1. Source. New; derived from Section 8-106(g).
2. Protection for Bank. This section protects banks from the need to enter into agreements against their will and from the need to respond to inquiries from persons other than their customers.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Subtitle I - Uniform Commercial Code
Article 9 - Secured Transactions
Part III - Perfection and Priority
§ 28:9–340. Effectiveness of right of recoupment or set-off against deposit account
§ 28:9–341. Bank’s rights and duties with respect to deposit account
§ 28:9–342. Bank’s right to refuse to enter into or disclose existence of control agreement