Wyoming § 34.1-9-340 Effectiveness of right of recoupment or
set-off against deposit account

Wyoming Statutes

§ 34.1-9-340 — Effectiveness of right of recoupment or set-off against deposit account

Wyoming § 34.1-9-340

Title 34.1Uniform Commercial Code

Art. 9SECURED TRANSACTIONS

This text of Wyoming § 34.1-9-340 (Effectiveness of right of recoupment or set-off against deposit account) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-9-340 (2026).

Text

(a)Except as otherwise provided in subsection (c), 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 subsection (c), the application of this article 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 which is perfected by control under section 34.1-9-104(a)(iii), if the set-off is based on a claim against the debtor.

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(a) Except as otherwise provided in subsection (c), 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 subsection (c), the
application of this article 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 which is perfected by
control under section 34.1-9-104(a)(iii), if the set-off is
based on a claim against the debtor.