{"data":{"id":"us-pa/13-pa.c.s.-9340","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9340","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 division 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 9104(a)(3) (relating to requirements for control) if the set-off is based on a claim against the debtor.","path":["Title 13 - COMMERCIAL CODE","CHAPTER 93 PERFECTION AND PRIORITY","SUBCHAPTER D RIGHTS OF BANK"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=93\u0026sctn=40\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"9c013da2cbec07224bab60720f7e6ab2c22f26e7178e2bce91b010a59d1fe4fc","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9339","next":"us-pa/13-pa.c.s.-9341"},"notice":"GroundRules: Original legal text. Not legal advice."}