45 Pages Posted: 4 Apr 2006
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.
Keywords: Delaware, Journal, Corporate, Law, Article 9, deposit account rules, UCC, uniform commercial code, secured transactions
Suggested Citation: Suggested Citation
Gibson , Willa E., Banks Reign Supreme under Revised Article 9 Deposit Account Rules. Delaware Journal of Corporate Law, Vol. 30, No. 3, pp. 819-862, 2005; U of Akron Legal Studies Research Paper No. 05-21. Available at SSRN: https://ssrn.com/abstract=894153