Section 1309.104 | Control of deposit account - UCC 9-104.
Control of deposit account [UCC 9-104]
(A) A secured party has control of a deposit account if:
(1) The secured party is the bank with which the deposit account is maintained;
(2) The debtor, secured party, and bank have agreed in a signed record that the bank will comply with instructions originated by the secured party directing disposition of the funds in the deposit account without further consent by the debtor;
(3) The secured party becomes the bank's customer with respect to the deposit account; or
(4) Another person other than the debtor:
(a) Has control of the deposit account and acknowledges that it has control on behalf of the secured party; or
(b) Obtains control of the deposit account after having acknowledged that it will obtain control of the deposit account on behalf of the secured party.
(B) A secured party that has satisfied division (A) of this section has control of a deposit account, even if the debtor retains the right to direct the disposition of funds from the deposit account.
Last updated July 20, 2026 at 3:23 PM
Available Versions of this Section
- July 1, 2001 – Senate Bill 74 - 124th General Assembly [ View July 1, 2001 Version ]
- October 6, 2026 – Amended by House Bill 195 - 136th General Assembly [ View October 6, 2026 Version ]