{"data":{"id":"us-tx/tex.-business-commerce-code-9.340","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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 that is perfected by control under Section 9.104(a)(3), if the set-off is based on a claim against the debtor.\nAdded by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 9. SECURED TRANSACTIONS","SUBCHAPTER C. PERFECTION AND PRIORITY"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm#9.340","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"ef81ba41a2c4bb9a9a0855862483fc04fd1c2c332aa86fb3591b7e606d124529","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-9.339","next":"us-tx/tex.-business-commerce-code-9.341"},"notice":"GroundRules: Original legal text. Not legal advice."}