Alabama § 7-9A-341 Bank’s Rights and Duties with Respect to Deposit Account

Alabama Statutes

§ 7-9A-341 — Bank’s Rights and Duties with Respect to Deposit Account

Alabama § 7-9A-341

JurisdictionAlabama

Title 7Commercial Code

Art. 9ASecured Transactions

Div. 4Rights of Bank

Part 3Perfection and Priority

This text of Alabama § 7-9A-341 (Bank’s Rights and Duties with Respect to Deposit Account) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 7-9A-341 (2026).

Text

Except as otherwise provided in Section 7-9A-340(c), and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1)the creation, attachment, or perfection of a security interest in the deposit account;

(2)the bank’s knowledge of the security interest; or

(3)the bank’s receipt of instructions from the secured party.

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Except as otherwise provided in Section 7-9A-340(c), and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
(1) the creation, attachment, or perfection of a security interest in the deposit account;
(2) the bank’s knowledge of the security interest; or
(3) the bank’s receipt of instructions from the secured party.