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Iowa Code § 554.9341

Bank’s rights and duties with respect to deposit account

Redline — January 1, 2012 → current.View current text →
Current — January 1, 2026
As of January 1, 2012
Except as otherwise provided in section 554.9340, subsection 3, and unless the bank otherwise agrees in an authenticated record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
Except as otherwise provided in section 554.9340, subsection 3, and unless the bank otherwise agrees in a signed record, a bank’s rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:
1. the creation, attachment, or perfection of a security interest in the deposit account;
1. the creation, attachment, or perfection of a security interest in the deposit account;
2. the bank’s knowledge of the security interest; or
2. the bank’s knowledge of the security interest; or
3. the bank’s receipt of instructions from the secured party.
3. the bank’s receipt of instructions from the secured party.

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