N.J.S.A. 12A:9-342 — Bank's right to refuse to enter into or disclose existence of control agreement.

12A:9-342 Bank's right to refuse to enter into or disclose existence of control agreement. 12A:9-342. Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement. This chapter does not require a bank to enter into an agreement of the kind described in 12A:9-104 (a) (2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the existence of the agreement to another person unless requested to do so by its customer. L.2001, c.117, s.1; amended 2001, c.386, s.57.

This is the verbatim text of N.J.S.A. 12A:9-342, 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.