Favorable Texas Ruling On UCC 4-406 And The Terms Of A Solid Account Agreement

LexisNexis ( April 9, 2019, 11:49 AM EDT) -- The December 2018 edition of this newsletter analyzed a notable ruling in Compass Bank v. Calleja-Ahedo, 2018 Tex. LEXIS 1314 (Tex. Dec. 21, 2018). In its recent ruling, the Texas Supreme Court provides a favorable boost to the protections afforded a bank under UCC 4-406 and the terms of a deposit account agreement....