{"data":{"id":"us-la/rs-10-9-340","jurisdiction":"us-la","citation":"RS 10:9-340","heading":"Effectiveness of right of compensation, recoupment, or set-off against deposit account","body":"(a) Exercise of compensation, 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 compensation, recoupment, or set-off against a secured party that holds a security interest in the deposit account.\n(b) Compensation, recoupment, or set-off not affected by security interest. Except as otherwise provided in Subsection (c), 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(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 R.S. 10:9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["TITLE 10. COMMERCIAL LAWS","SUBPART 4. RIGHTS OF BANK"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74442","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:09Z","sha256":"fc5f8b1e14b86df6a5f5428673c9b451ca6a35d69420ee546ff0a6e6caf1bb52","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-339","next":"us-la/rs-10-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}