<?xml version='1.0' encoding='utf-8'?>
<section article="gcl" article_name="Commercial Law" number="9-104" title_number="9" title_name="Secured Transactions" subtitle_number="1" subtitle_name="General Provisions">
  <level label="a">
    <text>A secured party has control of a deposit account if:</text>
    <level label="1">
      <text>The secured party is the bank with which the deposit account is maintained;</text>
    </level>
    <level label="2">
      <text>The debtor, secured party, and bank have agreed in an authenticated 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; or</text>
    </level>
    <level label="3">
      <text>The secured party becomes the bank’s customer with respect to the deposit account.</text>
    </level>
  </level>
  <level label="b">
    <text>A secured party that has satisfied subsection (a) has control, even if the debtor retains the right to direct the disposition of funds from the deposit account.</text>
  </level>
</section>
