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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : SECURED TRANSACTIONS

(Cite as: 9A V.S.A. § 9-341)
  • § 9-341. Bank's rights and duties with respect to deposit account

    Except as otherwise provided in subsection 9- 340(c) of this title, 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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)