Arizona § 47-9341 Bank's rights and duties with respect to deposit account

Arizona Statutes

§ 47-9341 — Bank's rights and duties with respect to deposit account

Arizona·Title 47 Arizona Revised Statutes·Ch. 9 SECURED TRANSACTIONS·Art. 3 Perfection and Priority

Except as otherwise provided in section 47-9340, subsection C, and unless the bank otherwise agrees in an authenticated 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 47-9340, subsection C, and unless the bank otherwise agrees in an authenticated 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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