{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-340","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-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 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) 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 § 6A-9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["Title 6A Uniform Commercial Code","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","Subpart 4 Rights of Bank"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-9/6A-3/6A-4/6A-9-340.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:31:09Z","sha256":"91cb993d09fb8dd09469c260e46701b98ed7bb2a4d098b60ec975e446552bd45","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-339","next":"us-ri/r.i.-gen.-laws-6a-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}