Can you summarize IACO 554.9341?

Short Summary

Except as otherwise provided in section 554.9340, subsection 3, and unless the bank otherwise agrees in an authenticated record, a banks 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 banks knowledge of the security interest; or 3.the banks receipt of instructions from the secured party. 2000 Acts, ch 1149, 61, 187

Jurisdiction

Iowa

Source

• Banking