N.Y. Uniform Commercial Code Law § 9-342: Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement
Where this section sits in the code
- Uniform Commercial Code Law
- Article 9. Secured Transactions
- Part 3. Perfection and Priority
- Subpart 4. Rights of Bank
Section 9--342. Bank's Right to Refuse to Enter into or Disclose
Existence of Control Agreement.
This article does not require a bank to enter into an agreement of the
kind described in Section 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.
Collected 2026-09-14T19:32:45Z. Source file · JSON