Ohio § 1309.340 Effectiveness of right of recoupment or set-off against deposit account - UCC 9-340

Ohio Statutes

§ 1309.340 — Effectiveness of right of recoupment or set-off against deposit account - UCC 9-340

Ohio § 1309.340

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.340 (Effectiveness of right of recoupment or set-off against deposit account - UCC 9-340) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1309.340 (2026).

Text

(A)Except as otherwise provided in division (C) of this section, a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.

(B)Except as otherwise provided in division (C) of this section, the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.

(C)The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account that is perfected by control under division (A)(3) of section1309.104of the Revised Code, if the set-off is based on a claim

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(A) Except as otherwise provided in division (C) of this section, a bank with which a deposit account is maintained may exercise any right of recoupment or set-off against a secured party that holds a security interest in the deposit account.

(B) Except as otherwise provided in division (C) of this section, the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or set-off of the secured party as to a deposit account maintained with the secured party.

(C) The exercise by a bank of a set-off against a deposit account is ineffective against a secured party that holds a security interest in the deposit account that is perfected by control under division (A)(3) of section1309.104of the Revised Code, if the set-off is based on a claim against the debtor.