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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.9A. Commercial Code — Secured Transactions
Part 3. Perfection and Priority
Part 4. Rights of Bank
4/15/2026

§ 8.9A-341. Bank's rights and duties with respect to deposit account. (2025 updated section)

Except as otherwise provided in § 8.9A-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.

2000, c. 1007; 2024, c. 652.