New Jersey Statutes

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

New Jersey·Title 12A COMMERCIAL TRANSACTIONS

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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