Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 9-342 — Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement
N.Y. U.C.C. Law § 9-342
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 9--342. Bank's Right to Refuse to Enter into or Disclose
Citator
N.Y. U.C.C. Law § 9-342 — Bank's Right to Refuse to Enter into or Disclose Existence of Control Agreement is in force in the current edition of the Code, and nothing recorded condemns it.
Section 9--342. Bank's Right to Refuse to Enter into or Disclose
Existence of Control Agreement.
This article does not require a bank to enter into an agreement of the kind described in Section 9--104(a)(2), 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.