{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-9-340","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 9-340","heading":"Effectiveness of Right of Recoupment or Set-off Against Deposit Account","body":"Section 9–340. (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":["Part I","Title XV","Chapter 106","Article 9"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section9-340","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:30Z","sha256":"3c74a110f0baaeb22e7d500304c2880c5b6581212bd027b8157871670aac295b","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-9-339","next":"us-ma/mass.-gen.-laws-ch.-106-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}