400.9-342. Bank's right to refuse to enter into or disclose existence of control agreement. - Missouri Statutes

Bank's right to refuse to enter into or disclose existence ofcontrol agreement.

400.9-342. This article does not require a bank to enter into anagreement of the kind described in section 400.9-104(a)(2), even if itscustomer so requests or directs. A bank that has entered into such anagreement is not required to confirm the existence of the agreement toanother person unless requested to do so by its customer.

(L. 2001 S.B. 288)

Effective 7-01-01