{"data":{"id":"us-ak/as-45.29.340","jurisdiction":"us-ak","citation":"AS 45.29.340","heading":"Effectiveness of right of recoupment or setoff against deposit account.","body":"(a) Except as otherwise provided in (c) of this section, a bank with which a deposit account is maintained may exercise a right of recoupment or setoff against a secured party that holds a security interest in the deposit account.\n(b) Except as otherwise provided in (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 setoff of the secured party as to a deposit account maintained with the secured party.\n(c) The exercise by a bank of a setoff 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 AS 45.29.104(a)(3) if the setoff is based on a claim against the debtor.","path":["Title 45. Trade and Commerce.","Chapter 29. Secured Transactions.","Article 3. Perfection and Priority."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.29.340","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"992cbaffb6356de567254b25baab7318c225fb8f16812f371dcd75e793377399","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.29.339","next":"us-ak/as-45.29.341"},"notice":"GroundRules: Original legal text. Not legal advice."}