Alabama Statutes
§ 7-9A-342 — Bank’s Right to Refuse to Enter into or Disclose Existence of Control Agreement
Alabama·Title 7 Commercial Code·Art. 9A Secured Transactions·Div. 4 Rights of Bank·Part 3 Perfection and Priority
This article does not require a bank to enter into an agreement of the kind described in Section 7-9A-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.
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Alabama § 7-9A-342 (Bank’s Right to Refuse to Enter into or Disclose Existence of Control Agreement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2001-481, p. 647, §1.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
Presumptions