Montana Statutes

§ 30-9A-342 — Bank's Right To Refuse To Enter Into Or Disclose Existence Of Control Agreement

Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 3 Perfection and Priority
30-9A-342 . Bank's right to refuse to enter into or disclose existence of control agreement. This chapter does not require a bank to enter into an agreement of the type described in 30-9A-104 (1)(b), 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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Legislative History

En. Sec. 61, Ch. 305, L. 1999; Sec. 30-9-362 , MCA 1999; redes. 30-9A-342 by Code Commissioner, 2001.

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