New Jersey § 12A:9-341 Bank's Rights and Duties with Respect to Deposit Account.

New Jersey Statutes

§ 12A:9-341 — Bank's Rights and Duties with Respect to Deposit Account.

New Jersey § 12A:9-341

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:9-341 (Bank's Rights and Duties with Respect to Deposit Account.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:9-341 (2026).

Text

12A:9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in 12A:9-340 (c), and unless the bank otherwise agrees in an authenticated 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. L.2001, c.117, s.1; amended 2001, c.386, s.56.

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12A:9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in 12A:9-340 (c), and unless the bank otherwise agrees in an authenticated 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. L.2001, c.117, s.1; amended 2001, c.386, s.56.