Sec. 9-342

810 ILCS 5/9-342 — under Uniform Commercial Code.

810 ILCS 5/9-342

(810 ILCS 5/9-342)

Sec. 9-342.

Bank's right to refuse to enter into or disclose existence of control agreement. This Article does not require a bank to enter into an agreement of the kind described in Section 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: P.A. 91-893, eff. 7-1-01.)