Bank’s rights and duties with respect to deposit account

09A V.S.A. ch. 009, § 341, under Chapter 009: Article 009: Secured Transactions.

09A V.S.A. ch. 009, § 341

§ 9—341. Bank’s rights and duties with respect to deposit account

Except as otherwise provided in subsection 9—340(c) of this title, 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:

(1) the creation, attachment, or perfection of a security interest in the deposit account;

(2) the bank’s knowledge of the security interest; or

(3) the bank’s receipt of instructions from the secured party. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2025, No. 17, § 9, eff. July 1, 2025.)