New Mexico § 55-9-341 Bank's rights and duties with respect to deposit account

New Mexico Statutes

§ 55-9-341 — Bank's rights and duties with respect to deposit account

New Mexico § 55-9-341

Ch. 55Uniform Commercial Code

Art. 9Secured Transactions

This text of New Mexico § 55-9-341 (Bank's rights and duties with respect to deposit account) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-9-341 (2026).

Text

Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, and unless the bank otherwise agrees in a signed 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.

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Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, and unless the bank otherwise agrees in a signed 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.