{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-340","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-340","heading":"Effectiveness of right of recoupment or set-off","body":"against deposit account.\n\nEFFECTIVENESS OF RIGHT OF RECOUPMENT OR\n\nSET-OFF AGAINST DEPOSIT ACCOUNT\n\n(a) Except as otherwise provided in subsection (c) of this\n\nsection, a bank with which a deposit account is maintained may\n\nexercise any right of recoupment or set-off against a secured party\n\nthat holds a security interest in the deposit account.\n\n(b) Except as otherwise provided in subsection (c) of this\n\nsection, the application of this article to a security interest in a\n\ndeposit account does not affect a right of recoupment or set-off of\n\nthe secured party as to a deposit account maintained with the\n\nsecured party.\n\n(c) The exercise by a bank of a set-off against a deposit\n\naccount is ineffective against a secured party that holds a security\n\ninterest in the deposit account which is perfected by control under\n\nparagraph (3) of subsection (a) of Section 1-9-104 of this title, if\n\nthe set-off is based on a claim against the debtor.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"16648320c577fc94b424dccd481556a36bda9cab3543e0e68363a46de13af2cf","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-339","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}