{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-104","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-104","heading":"Control of deposit account.","body":"(a)\tRequirements for Control. - A secured party has control of a deposit account if any of the following applies:\n(1)\tThe secured party is the bank with which the deposit account is maintained.\n(2)\tThe debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor.\n(3)\tThe secured party becomes the bank's customer with respect to the deposit account.\n(4)\tAnother person, other than the debtor, does either of the following:\na.\tHas control of the deposit account and acknowledges that it has control on behalf of the secured party.\nb.\tObtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.\n(b)\tDebtor's Right to Direct Disposition. - A secured party that has satisfied subsection (a) of this section has control, even if the debtor retains the right to direct the disposition of funds from the deposit account. (1965, c. 700, s. 1; 1975, c. 862, s. 7; 1999-73, s. 5(a), (b); 2000-169, s. 1; 2025-25, s. 59.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 1. General Provisions."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-104.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"c57a45be6bc3873fd78e9be28f76ca0b718bda9aeef0cea6cc95f040b7b3c7e6","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-103.1","next":"us-nc/n.c.-gen.-stat.-25-9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}