Virginia Code 8.9A-341: (Effective until July 1, 2025) Bank’s rights and duties with respect to deposit account
Except as otherwise provided in § 8.9A-340 (c), 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:
Terms Used In Virginia Code 8.9A-341
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
(1) the creation, attachment, or perfection of a security interest in the deposit account;
(2) the bank’s knowledge of the security interest; or
(3) the bank’s receipt of instructions from the secured party.
2000, c. 1007.
Except as otherwise provided in § 8.9A-340 (c), and unless the bank otherwise agrees in a signed 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) the creation, attachment, or perfection of a security interest in the deposit account;
(2) the bank’s knowledge of the security interest; or
(3) the bank’s receipt of instructions from the secured party.