Ohio Code 1309.341 – Bank’s rights and duties with respect to deposit account – UCC 9-341
Except as otherwise provided in division (C) of section 1309.340 of the Revised Code, 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 Ohio Code 1309.341
- Account: includes health-care insurance receivables. See Ohio Code 1309.102
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Bank: includes savings banks, savings and loan associations, credit unions, and trust companies. See Ohio Code 1309.102
- Deposit account: means a demand, time, savings, passbook, or similar account maintained with a bank but does not include investment property or accounts evidenced by an instrument. See Ohio Code 1309.102
- Secured party: means :
(a) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(b) A person that holds an agricultural lien;
(c) A consignor;
(d) A person to whom accounts, chattel paper, payment intangibles, or promissory notes have been sold;
(e) A trustee, indenture trustee, agent, collateral agent, or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(f) A person who holds a security interest arising under section 1302. See Ohio Code 1309.102
(A) The creation, attachment, or perfection of a security interest in the deposit account;
(B) The bank’s knowledge of the security interest; or
(C) The bank’s receipt of instructions from the secured party.