{"data":{"id":"us-sc/s.c.-code-ann.-36-9-340","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-9-340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(a) 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) 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) 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 36-9-104(a)(3), if the set-off is based on a claim against the debtor.","path":["Title 36 - COMMERCIAL CODE","CHAPTER 9 Commercial Code—Secured Transactions","Part 3 Perfection and Priority"],"source_url":"https://www.scstatehouse.gov/code/t36c009.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:49Z","sha256":"865c1978673731041d1edfb4ac3354d41006a1258ad678b0a8a58c268d3a615f","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-9-339","next":"us-sc/s.c.-code-ann.-36-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}