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N.Y. U.C.C. 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 §§ 1–12 (253 sections).

2014-09-22

Section 9--342. Bank's Right to Refuse to Enter into or Disclose\n Existence of Control Agreement.\n This article does not require a bank to enter into an agreement of the\nkind described in Section 9--104(a)(2), even if its customer so requests\nor directs. A bank that has entered into such an agreement is not\nrequired to confirm the existence of the agreement to another person\nunless requested to do so by its customer.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.