O.C.G.A.

O.C.G.A. § 11-9-342 (2019)

Bank’s right to refuse to enter into or disclose existence of control agreement

✓ 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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This article does not require a bank to enter into an agreement of the kind described in paragraph (2) of subsection (a) of Code Section 11-9-104, 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.

History

Code 1981, § 11-9-342, enacted by Ga. L. 2001, p. 362, § 1.

Annotations

RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 9342.

PART 4 RIGHTS OF THIRD PARTIES Law reviews. For annual survey of commercial law, see 38 Mercer L. Rev. 85 (1986). RESEARCH REFERENCES C.J.S. 79 C.J.S., Secured Transactions, §§ 25, 63 et seq., 134.