9-342 - Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement - New York Statutes

Section 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.