440.9341 Bank's rights and duties with respect to deposit account. Sec. 9341. Except as otherwise provided in section 9340(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 1 or more of the following: (a) The creation, attachment, or perfection of a security interest in the deposit account. (b) The bank's knowledge of the security interest. (c) The bank's receipt of instructions from the secured party. History: Add. 2000, Act 348, Eff. July 1, 2001
Michigan Legal Code