Michigan Compiled Laws
174-1962-9-3-4. - Subpart 4. Rights of Bank (440.9340...440.9342)
Section 440.9342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement.

Sec. 9342.
This article does not require a bank to enter into an agreement of the kind described in section 9104(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.
History: Add. 2000, Act 348, Eff. July 1, 2001

Structure Michigan Compiled Laws