§9-1342. 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 section 9-1104, subsection (1), paragraph (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. [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Part 3: PERFECTION AND PRIORITY
11 §9-1340. Effectiveness of right of recoupment or setoff against deposit account
11 §9-1341. Bank's rights and duties with respect to deposit account
11 §9-1342. Bank's right to refuse to enter into or disclose existence of control agreement