Tennessee § 47-9-341 Bank's rights and duties with respect to deposit account

Tennessee Statutes

§ 47-9-341 — Bank's rights and duties with respect to deposit account

Except as otherwise provided in § 47-9-340(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.

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Except as otherwise provided in § 47-9-340(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.

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