certificate of deposit. Except as otherwise provided in subsection 3 of section 41 -09-60, and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account or certificate of deposit 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 or certificate of deposit; 2. The bank's knowledge of the security interest; or 3. The bank's receipt of instructions from the secured party.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.