North Dakota Statutes
§ 41-09-60 — (9-340) Effectiveness of right of recoupment or setoff against deposit account or certificate of deposit
North Dakota § 41-09-60
This text of North Dakota § 41-09-60 ((9-340) Effectiveness of right of recoupment or setoff against deposit account or certificate of deposit) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 41-09-60 (2026).
Text
account or certificate of deposit.
1.Except as otherwise provided in subsection 3, a bank with which a deposit account or
certificate of deposit is maintained may exercise any right of recoupment or setoff
against a secured party that holds a security interest in the deposit account or
certificate of deposit.
2.Except as otherwise provided in subsection 3, the application of this chapter to a
security interest in a deposit account or certificate of deposit does not affect a right of
recoupment or setoff of the secured party as to a deposit account or certificate of
deposit maintained with the secured party.
3.The exercise by a bank of a setoff against a deposit account or certificate of deposit is
ineffective against a secured party that holds a security interest in the deposit account
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) PresumptionsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 41-09-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-09-60.