North Dakota § 41-09-61 (9-341) Bank's rights and duties with respect to deposit account or certificate of deposit

North Dakota Statutes

§ 41-09-61 — (9-341) Bank's rights and duties with respect to deposit account or certificate of deposit

North Dakota § 41-09-61

Title 41Uniform Commercial Code

Ch. 41-09Secured Transactions

This text of North Dakota § 41-09-61 ((9-341) Bank's rights and duties with respect to deposit account or certificate of deposit) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-09-61 (2026).

Text

certificate of deposit. Except as otherwise provided in subsection 3 of section 41-09-60, and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account or certificate of deposit 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 or certificate of deposit;

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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certificate of deposit.
Except as otherwise provided in subsection 3 of section 41-09-60, and unless the bank
otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit
account or certificate of deposit 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 or
certificate of deposit;
2. The bank's knowledge of the security interest; or
3. The bank's receipt of instructions from the secured party.