{"data":{"id":"us-vt/9a-v.s.a.-9-340","jurisdiction":"us-vt","citation":"9A V.S.A. § 9—340","heading":"Effectiveness of right of recoupment or set-off against deposit account","body":"(a) Except as otherwise provided in subsection (c) of this section, 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) of this section, the application of this article 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 subdivision 9—104(a)(3) of this title, if the set-off is based on a claim against the debtor.","path":["Title 9A: Uniform Commercial Code","Article 009: Secured Transactions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/009","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:57:21Z","sha256":"4775c275dd67f34015973aa24878b040076e3598d4491b011c57133d03436901","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-339","next":"us-vt/9a-v.s.a.-9-341"},"notice":"GroundRules: Original legal text. Not legal advice."}