Bank’s Right to Refuse to Enter into or Disclose Existence of Control

Ala. Code § 7-9A-342 — under Title 7.

Ala. Code § 7-9A-342

Agreement.

This article does not require a bank to enter into an agreement of the kind described in Section 7-9A-104(a)(2), even if its customer so requests or directs. A bank that has entered into such an agreement is not required to confirm the

existence of the agreement to another person unless requested to do so by its customer.

History: (Act 2001-481, p. 647, §1.)