S.C. Code Ann. § 36-9-341 – Bank ' s rights and duties with respect to deposit account

Except as otherwise provided in Section 36-9-340(c), and unless the bank otherwise agrees in an authenticated 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.

HISTORY: 2001 Act No. 67, Section 12. "Authenticate" Section 36-9-102(a)(7) "Bank" Section 36-9-102(a)(8) "Deposit account" Section 36-9-102(a)(29) "Knowledge" Section 36-1-201(25) [see now Section 36-1-202] "Record" Section 36-9-102(a)(69) "Secured party" Section 36-9-102(a)(72) "Security interest" Section 36-1-201(37) [see now Section 36-1-203]