2290

(a) Exercise of recoupment or set-off.— Except as otherwise provided in subsection (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.\n(b) Recoupment or set-off not affected by security interest.— Except as otherwise provided in subsection (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.\n(c) When set-off ineffective.— 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 § 2214(a)(3) of this title, if the set-off is based on a claim against the debtor.\nHistory\n—Sept. 19, 1996, No. 241, added as § 9-340 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.