Section 75-9-342 - Bank's right to refuse to enter into or disclose existence of control agreement

This article does not require a bank to enter into an agreement of the kind described in Section 75-9-104(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.Derived from 1972 Code § 75-8-106 [Laws, 1996, ch. 468, § 7] and enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.