Commercial Code section 9341

Except as otherwise provided in subdivision (c) of Section 9340, and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by any of the following:

(1)

The creation, attachment, or perfection of a security interest in the deposit account.

(2)

The bank’s knowledge of the security interest.

(3)

The bank’s receipt of instructions from the secured party.

Source: Section 9341, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=COM§ionNum=9341.­ (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 9341’s source at ca​.gov