CODE OF VIRGINIA

BANK’S RIGHTS AND DUTIES WITH RESPECT TO DEPOSIT ACCOUNT (§ 8.9A-341)

Except as otherwise provided in § 8.9A-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 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: 2000, c. 1007; 2024, c. 652.