This Article does not require a bank to enter into an agreement of the kind described in section 554.9104, 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.
Iowa Code § 554.9342
Bank’s right to refuse to enter into or disclose existence of control agreement
Known as the Uniform Commercial Code
The act spans §§ 554–554 (631 sections).
2000 Acts, ch 1149, §62, 187
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.