Mich. Comp. Laws § 440.9341
Bank's rights and duties with respect to deposit account.
Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective
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- Mich. Comp. Laws § 440.9341, Bank's rights and duties with respect to deposit account, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362261
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Full text
Except as otherwise provided in section 9340(3), 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 or more of the following:
(a) The creation, attachment, or perfection of a security interest in the deposit account.
(b) The bank's knowledge of the security interest.
(c) The bank's receipt of instructions from the secured party.