Bank's right to refuse to enter into or disclose existence of control agreement

Colo. Rev. Stat. § 4-9-342, under PERFECTION AND PRIORITY.

Colo. Rev. Stat. § 4-9-342

This article does not require a bank to enter into an agreement of the kind described in section 4-9-104 (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.

Source: L. 2001: Entire article R&RE, p. 1370, § 1, effective July 1.