Except as otherwise provided in § 47-9-340(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:

(1) the creation, attachment, or perfection of a security interest in the deposit account;
lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 47-9-341

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
(2) the bank’s knowledge of the security interest; or
(3) the bank’s receipt of instructions from the secured party.
  Previous section
Next section  
 Rights of Bank Contents