This Chapter does not require a bank to enter into an agreement of the kind described in R.S. 10:9-104(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.
La. R.S. 10:9-342
Bank's right to refuse to enter into or disclose existence of control agreement
Known as the Uniform Commercial Code
The act spans §§ 10–10 (238 sections).
Acts 2001, No. 128, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.