State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-9 > Section-55-9-341

55-9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, 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.   

State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-9 > Section-55-9-341

55-9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, 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.   


State Codes and Statutes

State Codes and Statutes

Statutes > New-mexico > Chapter-55 > Article-9 > Section-55-9-341

55-9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Subsection (c) of Section 55-9-340 NMSA 1978, 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.