§ 6A-9-342. 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 § 6A-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.
History of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions
Part 3 - Perfection and Priority
Section 6A-9-340. - Effectiveness of right of recoupment or set-off against deposit account.
Section 6A-9-341. - Bank’s rights and duties with respect to deposit account.
Section 6A-9-342. - Bank’s right to refuse to enter into or disclose existence of control agreement.