Section 57A-9-342 - Bank's right with respect to agreement giving secured party controlof deposit account. - South Dakota Statutes

57A-9-342. Bank's right with respect to agreement giving secured party control of deposit account. This chapter does not require a bank to enter into an agreement of the kind described in § 57A-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: SL 2000, ch 231.