{"data":{"id":"us-oh/ohio-rev.-code-1309.340","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 1309.340","heading":"Effectiveness of right of recoupment or set-off against deposit account - UCC 9-340.","body":"(A) Except as otherwise provided in division (C) of this section, 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 division (C) of this section, 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) 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 that is perfected by control under division (A)(3) of section 1309.104 of the Revised Code, if the set-off is based on a claim against the debtor.","path":["Title 13 Commercial Transactions","Chapter 1309 Secured Transactions"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-1309.340","current_through":"2001-07-01 (Senate Bill 74 - 124th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:29Z","sha256":"f1e978c21991644bc9c849341af72a143885521997146fa2be2007425c553d72","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-1309.339","next":"us-oh/ohio-rev.-code-1309.341"},"notice":"GroundRules: Original legal text. Not legal advice."}