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Can you summarize IACO 554.9342?
UNIFORM COMMERCIAL CODE > Banks right to refuse to enter into or disclose existence of control agreement.
Short Summary
This Article does not require a bank to enter into an agreement of the kind described in section 554.9104, subsection 1, paragraph b, 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. 2000 Acts, ch 1149, 62, 187
Jurisdiction
Iowa