Banks Reign Supreme under Revised Article 9 Deposit Account Rules
Willa E. Gibson
University of Akron - School of Law
Delaware Journal of Corporate Law, Vol. 30, No. 3, pp. 819-862, 2005
U of Akron Legal Studies Research Paper No. 05-21
One of the significant changes Revised Article 9 made to the Uniform Commercial Code Rules of Secured Transactions was the inclusion of deposit accounts as collateral within its scope. Revised Article 9 requires creditors to have control of deposit accounts before perfection of their security interest in them. This article examines deposit account rules by focusing on the efficiency of, and the justification for, the control rules.
Number of Pages in PDF File: 45
Keywords: Delaware, Journal, Corporate, Law, Article 9, deposit account rules, UCC, uniform commercial code, secured transactionsAccepted Paper Series
Date posted: April 4, 2006
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