New Mexico Statutes
§ 55-9-341 — Bank's rights and duties with respect to deposit account
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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Legislative History
1978 Comp., § 55-9-341, enacted by Laws 2001, ch. 139, § 61; 2023, ch. 142,
Nearby Sections
15
§ 55-1-101
Short titles§ 55-1-102
Scope of article§ 55-1-104
Construction against implicit repeal§ 55-1-105
Severability§ 55-1-106
Use of singular and plural; gender§ 55-1-107
Section captions§ 55-1-109
Repealed§ 55-1-110
Repealed§ 55-1-201
General definitions§ 55-1-202
Notice; knowledge§ 55-1-204
Value§ 55-1-205
Reasonable time; seasonableness