Notice of Sole Control under a Deposit Account Control Agreement | Practical Law

Notice of Sole Control under a Deposit Account Control Agreement | Practical Law

This is a standard form of notice used by a secured party to notify a bank that they should no longer accept instructions from their customer (the grantor) with respect to the deposit accounts subject to a deposit account control agreement among the bank, the secured party and the grantor. This Standard Document has integrated notes with important explanations and drafting tips.

Notice of Sole Control under a Deposit Account Control Agreement

Practical Law Standard Document 4-507-2358 (Approx. 5 pages)

Notice of Sole Control under a Deposit Account Control Agreement

by Practical Law Finance
MaintainedUSA (National/Federal)
This is a standard form of notice used by a secured party to notify a bank that they should no longer accept instructions from their customer (the grantor) with respect to the deposit accounts subject to a deposit account control agreement among the bank, the secured party and the grantor. This Standard Document has integrated notes with important explanations and drafting tips.