AS 45.29.342

Bank's right to refuse to enter into or disclose existence of control agreement

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

This chapter does not require a bank to enter into an agreement of the kind described in AS 45.29.104(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.

Article 4. Rights of Third Parties.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.