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Home » US Law » 2022 Maine Revised Statutes » TITLE 11: UNIFORM COMMERCIAL CODE » Article 9-A: TRANSACTIONS » Part 3: PERFECTION AND PRIORITY » Subpart 4: RIGHTS OF BANK » 11 §9-1342. Bank’s right to refuse to enter into or disclose existence of control agreement

§9-1342. 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 9-1104, subsection (1), paragraph (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.   [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]

SECTION HISTORY

PL 1999, c. 699, §A2 (NEW). PL 1999, c. 699, §A4 (AFF).