Idaho State Statutes - Idaho Attorney Directory

LAW GOVERNING PERFECTION AND PRIORITY OF SECURITY INTERESTS IN
DEPOSIT ACCOUNTS. (a) The local law of a bank's jurisdiction governs
perfection, the effect of perfection or nonperfection, and the priority of a
security interest in a deposit account maintained with that bank.
(b) The following rules determine a bank's jurisdiction for purposes of
this part:
(1) If an agreement between the bank and its customer governing the
deposit account expressly provides that a particular jurisdiction is the
bank's jurisdiction for purposes of this part, this chapter, or the
uniform commercial code, that jurisdiction is the bank's jurisdiction.
(2) If paragraph (1) of this subsection does not apply and an agreement
between the bank and its customer governing the deposit account expressly
provides that the agreement is governed by the law of a particular
jurisdiction, that jurisdiction is the bank's jurisdiction.
(3) If neither paragraph (1) nor (2) of this subsection applies and an
agreement between the bank and its customer governing the deposit account
expressly provides that the deposit account is maintained at an office in
a particular jurisdiction, that jurisdiction is the bank's jurisdiction.
(4) If none of the preceding paragraphs apply, the bank's jurisdiction is
the jurisdiction in which the office identified in an account statement as
the office serving the customer's account is located.
(5) If none of the preceding paragraphs apply, the bank's jurisdiction is
the jurisdiction in which the chief executive office of the bank is
located.

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