{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-340","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-340","heading":"Effectiveness of right of recoupment or setoff against deposit account.","body":"(a)\tExercise of recoupment or setoff. - Except as otherwise provided in subsection (c) of this section, a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account.\n(b)\tRecoupment or setoff not affected by security interest. - Except as otherwise provided in subsection (c) of this section, the application of this Article to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party.\n(c)\tWhen setoff ineffective. - The exercise by a bank of a setoff 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 G.S. 25-9-104(a)(3), if the setoff is based on a claim against the debtor. (2000-169, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 3. Perfection and Priority."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-340.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"76043accc9290b8efff37ae82d9dfb5b23daa32b4be8cd5e4037ec34df166a54","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-339","next":"us-nc/n.c.-gen.-stat.-25-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}