TITLE 30. TRADE AND COMMERCE

CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS

Part 3. Perfection and Priority

Bank's Right To Refuse To Enter Into Or Disclose Existence Of Control Agreement

30-9A-342. Bank's right to refuse to enter into or disclose existence of control agreement. This chapter does not require a bank to enter into an agreement of the type described in 30-9A-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.

History: En. Sec. 61, Ch. 305, L. 1999; Sec. 30-9-362, MCA 1999; redes. 30-9A-342 by Code Commissioner, 2001.