New York § 9-342 Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement

New York Statutes

§ 9-342 — Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement

New York·Law UCC Uniform Commercial Code·Part 3 Perfection and Priority·Subpart 4 Rights of Bank·Art. 9 Secured Transactions

Section 9--342. Bank's Right to Refuse to Enter into or Disclose\n                  Existence of Control Agreement.\n  This article does not require a bank to enter into an agreement of the\nkind described in Section 9--104(a)(2), even if its customer so requests\nor directs. A bank that has entered into such an agreement is not\nrequired to confirm the existence of the agreement to another person\nunless requested to do so by its customer.\n

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Section 9--342. Bank's Right to Refuse to Enter into or Disclose\n Existence of Control Agreement.\n This article does not require a bank to enter into an agreement of the\nkind described in Section 9--104(a)(2), even if its customer so requests\nor directs. A bank that has entered into such an agreement is not\nrequired to confirm the existence of the agreement to another person\nunless requested to do so by its customer.\n

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