{"data":{"id":"us-il/810-ilcs-5-9-340","jurisdiction":"us-il","citation":"810 ILCS 5/9-340","heading":"","body":"Effectiveness of right of recoupment or set-off against deposit account.\n(a) Exercise of recoupment or set-off. Except 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(b) Recoupment or set-off not affected by security interest. Except 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(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 Section 9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"92f39b01b7a670d39cb243c3b076afd3b7c4076a645bf0598af65dd7e6bf7913","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-9-339","next":"us-il/810-ilcs-5-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}