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December 31, 2024 Clouds | 45°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 9 SECURED TRANSACTIONS
  6. Section 9-342 Bank's right to refuse to enter into or disclose existence of control agreement

Section 9-342

Section 9-342: Bank's right to refuse to enter into or disclose existence of control agreement

Section 9–342. 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.