Illinois General Assembly - Illinois Compiled Statutes

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810 ILCS 5/9-341

    (810 ILCS 5/9-341)
    (Text of Section before amendment by P.A. 103-1036)
    Sec. 9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Section 9-340(c), 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) 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.

(Source: P.A. 91-893, eff. 7-1-01.)

(Text of Section after amendment by P.A. 103-1036)
Sec. 9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Section 9-340(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.

(Source: P.A. 103-1036, eff. 1-1-25.)