{"data":{"id":"us-ut/utah-code-70a-9a-340","jurisdiction":"us-ut","citation":"Utah Code § 70A-9a-340","heading":"Effectiveness of right of recoupment or set-off against deposit account.","body":"(1) Except as otherwise provided in Subsection (3), 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(2) Except as otherwise provided in Subsection (3), 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(3) 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 Subsection 70A-9a-104(1)(c), if the set-off is based on a claim against the debtor.","path":["Title 70A Uniform Commercial Code","Chapter 70A-9a Uniform Commercial Code - Secured Transactions","Part 70A-9a-3 Perfection and Priority"],"source_url":"https://le.utah.gov/xcode/Title70A/Chapter9a/70A-9a-S340.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"7e1ec5365f71c4113959d725c8702a80d4a6d5cec6883d34621405f71b4ffa84","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-70a-9a-339","next":"us-ut/utah-code-70a-9a-341"},"notice":"GroundRules: Original legal text. Not legal advice."}