Utah § 70A-9a-104 Control of deposit account.

Utah Statutes

§ 70A-9a-104 — Control of deposit account.

Utah § 70A-9a-104

Title 70AUniform Commercial Code

Ch. 70A-9aUniform Commercial Code - Secured Transactions

Part 70A-9a-1General Provisions

This text of Utah § 70A-9a-104 (Control of deposit account.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-9a-104 (2026).

Text

(1)A secured party has control of a deposit account if:

(1)(a) the secured party is the bank with which the deposit account is maintained;

(1)(b) the debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor; or

(1)(c) the secured party becomes the bank's customer with respect to the deposit account.

(2)A secured party that has satisfied Subsection (1) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.

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(1) A secured party has control of a deposit account if:

(1)(a) the secured party is the bank with which the deposit account is maintained;
(1)(b) the debtor, secured party, and bank have agreed in an authenticated record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor; or
(1)(c) the secured party becomes the bank's customer with respect to the deposit account.
(2) A secured party that has satisfied Subsection (1) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.