Oregon Statutes 79.0342 – UCC 9-342. Banks right to refuse to enter into or disclose existence of control agreement
Current as of: 2023 | Check for updates
|
Other versions
This chapter does not require a bank to enter into an agreement of the kind described in ORS § 79.0104 (1)(b), 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. [2001 c.445 § 62]
Terms Used In Oregon Statutes 79.0342
- Bank: means an organization that is engaged in the business of banking. See Oregon Statutes 79.0102
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
RIGHTS OF THIRD PARTIES