Colorado § 4-9-341 Bank's rights and duties with respect to deposit account

Colorado Statutes

§ 4-9-341 — Bank's rights and duties with respect to deposit account

Colorado·Title 04 Uniform·Art. Secured Transactions

Except as otherwise provided in section 4-9-340 (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 4-9-340 (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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