(810 ILCS 5/9-341) (Text of Section before amendment by P.A. 103-1036 ) Sec. 9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in Section 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;
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(2) the bank's knowledge of the security interest; or
(3) the bank's receipt of instructions from the
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(Source: P.A. 91-893, eff. 7-1-01.)
(Text of Section after amendment by P.A. 103-1036 )
Sec. 9-341. Bank's rights and duties with respect to deposit account. Except as otherwise provided in Section 9-340(c), and unless the bank otherwise agrees in a signed 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
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| security interest in the deposit account;
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(2) the bank's knowledge of the security interest; or
(3) the bank's receipt of instructions from the
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(Source: P.A. 103-1036, eff. 1-1-25.)
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