{"data":{"id":"us-va/va.-code-8.9a-340","jurisdiction":"us-va","citation":"Va. Code § 8.9A-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.(b) Recoupment or set-off not affected by security interest. Except as otherwise provided in subsection (c), the application of this title 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.(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 § 8.9A-104 (a) (3), if the set-off is based on a claim against the debtor.2000, c. 1007.","path":["Title 8.9A. COMMERCIAL CODE — SECURED TRANSACTIONS","Part 3. PERFECTION AND PRIORITY","Subpart 4. RIGHTS OF BANK"],"source_url":"https://law.lis.virginia.gov/vacode/8.9A-340/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:29Z","sha256":"c21fcd8a77c4d35e2a00fda2b0945b06469ce1ff7a4f2655fc984ef24e8ac9fa","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.9a-339","next":"us-va/va.-code-8.9a-341"},"notice":"GroundRules: Original legal text. Not legal advice."}