{"data":{"id":"us-fl/fla.-stat.-679.340","jurisdiction":"us-fl","citation":"Fla. Stat. § 679.340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(1) Except as otherwise provided in subsection (3), 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(2) Except as otherwise provided in subsection (3), 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(3) 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 s. 679.1041(1)(c), if the set-off is based on a claim against the debtor.\nHistory.—s. 3, ch. 2001-198.","path":["CHAPTER 679 UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0679/0679.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:57Z","sha256":"24bb4ff806ea8a5665fd84cc99512d4ae748bec47ec3d6a82f67e8f6976f98b7","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-679.339","next":"us-fl/fla.-stat.-679.341"},"notice":"GroundRules: Original legal text. Not legal advice."}