{"data":{"id":"us-nh/rsa-382-a-9-340","jurisdiction":"us-nh","citation":"RSA 382-A:9-340","heading":"Effectiveness of Right of Recoupment or Set-Off Against Deposit Account.","body":"(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":["Title XXXIV-A: UNIFORM COMMERCIAL CODE","Chapter Part 3: Perfection and Priority"],"source_url":"https://gc.nh.gov/rsa/html/XXXIV-A/382-A/382-A-9-340.htm","current_through":"2025 regular legislative session, or December 2025","vintage":"","retrieved_at":"2026-09-05T15:43:59Z","sha256":"f2f739cce498a0cc85a37033ba565e98f594803ebbcd24e996d0a58c8877fe85","source_id":"us-nh","stale":false,"prev":"us-nh/rsa-382-a-9-339","next":"us-nh/rsa-382-a-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}