Virginia § 8.9A-341 Bank's rights and duties with respect to deposit account

Virginia Statutes

§ 8.9A-341 — Bank's rights and duties with respect to deposit account

Virginia § 8.9A-341

Title 8.9ACommercial Code — Secured Transactions

Part 3Perfection and Priority

Subpart 4Rights of Bank

This text of Virginia § 8.9A-341 (Bank's rights and duties with respect to deposit account) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.9A-341 (2026).

Text

Except as otherwise provided in § 8.9A-340 (c), 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 § 8.9A-340 (c), 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.