O.C.G.A.
O.C.G.A.

O.C.G.A. § 11-9-341 (2019)

Bank’s rights and duties with respect to deposit account

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Except as otherwise provided in subsection (c) of Code Section 11-9-340, 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;

(2) The bank’s knowledge of the security interest; or

(3) The bank’s receipt of instructions from the secured party.

History

Code 1981, § 11-9-341, enacted by Ga. L. 2001, p. 362, § 1.

Annotations

RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 9341.

Notes of Decisions
Cited in 1 case, 2008–2008 · leading case: Eleison Composites, LLC v. Wachovia Bank, N.A., 267 F. App'x 918 (11th Cir. 2008).
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Eleison Composites, LLC v. Wachovia Bank, N.A., 267 F. App'x 918 (11th Cir. 2008). “See O.C.G.A. § 11-9-341(2). Similarly, Composites' claim for punitive damages, attorneys' fees and expenses of litigation is without merit and not further discussed.”
— 11-9-341(2) — 1 case
Eleison Composites, LLC v. Wachovia Bank, N.A., 267 F. App'x 918 (11th Cir. 2008). “See O.C.G.A. § 11-9-341(2). Similarly, Composites' claim for punitive damages, attorneys' fees and expenses of litigation is without merit and not further discussed.”
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