{"data":{"id":"us-vt/9a-v.s.a.-9-104","jurisdiction":"us-vt","citation":"9A V.S.A. § 9—104","heading":"Control of deposit account","body":"(a) A secured party has control of a deposit account if:\n(1) the secured party is the bank with which the deposit account is maintained;\n(2) 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 account without further consent by the debtor;\n(3) the secured party becomes the bank’s customer with respect to the deposit account; or\n(4) 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(b) 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.","path":["Title 9A: Uniform Commercial Code","Article 009: Secured Transactions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/009","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:57:21Z","sha256":"ff832219a4d4fb799b5d47d138902ba5479c381854d7a34740b997c0ea732860","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-103a","next":"us-vt/9a-v.s.a.-9-105"},"notice":"GroundRules: Original legal text. Not legal advice."}