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

KRS § 355.9-342, under UNIFORM COMMERCIAL CODE.

KRS § 355.9-342

agreement. This article does not require a bank to enter into an agreement of the kind described in KRS 355.9-104(1)(b), 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.