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·Title 41 Uniform Commercial Code·Ch. 41-09 Secured Transactions

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.

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