Georgia § 11-9-341 Bank's rights and duties with respect to deposit account

Georgia Statutes

§ 11-9-341 — Bank's rights and duties with respect to deposit account

Except as otherwise provided in subsection (c) of Code Section 11-9-340 , 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 subsection (c) of Code Section 11-9-340 , 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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