{"data":{"id":"us-ga/o.c.g.a.-11-9-340","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-9-340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(a) Exercise of recoupment or set-off. Except as otherwise provided in subsection (c) of this Code 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 Code section, 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(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 paragraph (3) of subsection (a) of Code Section 11-9-104, if the set-off is based on a claim against the debtor.","path":["TITLE 11 Commercial Code","Article 9 Secured Transactions","PART 3 Perfection and Priority","Subpart 4 Rights of Bank"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"59b319400eaf8724b05014425b2e4703871e9c43b3a3410929935b82be1c8de6","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-9-339","next":"us-ga/o.c.g.a.-11-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}