{"data":{"id":"us-nj/n.j.-stat.-12a-9-104","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A:9-104","heading":"Control of deposit account.","body":"Control of Deposit Account.\n(a)\tRequirements for control.  A secured party has control of a deposit account if:\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 an authenticated 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; or\n(3)\tthe secured party becomes the bank's customer with respect to the deposit account.\n(b)\tDebtor's right to direct disposition.  A secured party that has satisfied subsection  (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.\nL.2001, c.117, s.1; amended 2001, c.386, s.3.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b711fdaa18b554f06e64c1c83038711b64f4b2243552091268616a9492ef29f9","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-9-103","next":"us-nj/n.j.-stat.-12a-9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}