N.J.S.A. 12A:9-341 — Bank's Rights and Duties with Respect to Deposit Account.

12A:9-341 Bank's Rights and Duties with Respect to Deposit Account. 12A:9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in 12A: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. L.2001, c.117, s.1; amended 2001, c.386, s.56.

This is the verbatim text of N.J.S.A. 12A:9-341, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.