{"data":{"id":"us-dc/d.c.-code-28-9-340","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(a)\nExcept 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.\n\n(b)\nExcept 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.\n\n(c)\nThe 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 § 28:9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part III. Perfection and Priority.","Subpart 4. Rights of Bank."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-340","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"a056bb8513838502166febaed02cafeb4512e8c816ea25e4ad6929c1b93f2eda","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-339","next":"us-dc/d.c.-code-28-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}