{"data":{"id":"us-md/md.-code-commercial-law-9-340","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–340","heading":"","body":"(a) 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) 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) 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 § 9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-340","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"f1095df9274459ea8a566d01d1b4ccffd8bb25e4a3be0d3b2256fbf70b53ae06","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-339","next":"us-md/md.-code-commercial-law-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}