Tennessee Code 47-9-342 – Bank’s right to refuse to enter into or disclose existence of control agreement
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Terms Used In Tennessee Code 47-9-342
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
This chapter does not require a bank to enter into an agreement of the kind described in § 47-9-104(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.