{"data":{"id":"us-or/ors-79a.1040","jurisdiction":"us-or","citation":"ORS 79A.1040","heading":"UCC 9-104. Control of deposit account.","body":"(1) A secured party has control of a deposit account if:\n      (a) The secured party is the bank with which the deposit account is maintained;\n      (b) The 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      (c) The secured party becomes the bank’s customer with respect to the deposit account; or\n      (d) Another person, other than the debtor:\n      (A) Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or\n      (B) Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.\n      (2) A secured party that has satisfied subsection (1) of this section has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.","path":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 79A — Secured Transactions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors079A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"8607251bbd6299747b03ce8defced02f1e030b1f9f8f6dc87f16306d308336f2","source_id":"us-or","stale":false,"prev":"us-or/ors-79a.1030","next":"us-or/ors-79a.1050"},"notice":"GroundRules: Original legal text. Not legal advice."}