Montana Code Annotated 2023

TITLE 30. TRADE AND COMMERCE

CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS

Part 3. Perfection and Priority

Bank's Rights And Duties With Respect To Deposit Account

30-9A-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in 30-9A-340(3) 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.

History: En. Sec. 60, Ch. 305, L. 1999; Sec. 30-9-361, MCA 1999; redes. 30-9A-341 by Code Commissioner, 2001.