General Laws of Massachusetts (Last Updated: January 16, 2020) |
PART I ADMINISTRATION OF THE GOVERNMENT |
TITLE XV. REGULATION OF TRADE |
CHAPTER 106. UNIFORM COMMERCIAL CODE |
ARTICLE 9. SECURED TRANSACTIONS |
SECTION 9-342. Bank's right to refuse to enter into or disclose existence of control agreement
Latest version.
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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.