California Commercial Code

§ 9341

COM § 9341 Effective Jan 1, 2024Div. 9 · Ch. 3

Statute text

Except as otherwise provided in subdivision (c) of Section 9340, 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 any of the following:

(1)The creation, attachment, or perfection of a security interest in the deposit account.

(2)The bank’s knowledge of the security interest.

…

Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 55. (SB 95) Effective January 1, 2024.