{"data":{"id":"us-wi/wis.-stat.-409.340","jurisdiction":"us-wi","citation":"Wis. Stat. § 409.340","heading":"Effectiveness of right of recoupment or setoff against deposit account.","body":"(1) Exercise of recoupment or setoff. Except as otherwise provided in sub. (3), a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account.\n(2) Recoupment or setoff not affected by security interest. Except as otherwise provided in sub. (3), the application of this chapter to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party.\n(3) When setoff ineffective. The exercise by a bank of a setoff 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 s. 409.104 (1) (c), if the setoff is based on a claim against the debtor.","path":["Chs. 401-411, Uniform Commercial Code","Chapter 409 Uniform Commercial Code — Secured Transactions","SUBCHAPTER III PERFECTION AND PRIORITY"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/409.340","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:22Z","sha256":"53abe26f6d6b323ecc84101dc490a52ead5c9d80597c7b7690555fa84eeb5634","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-409.339","next":"us-wi/wis.-stat.-409.341"},"notice":"GroundRules: Original legal text. Not legal advice."}