SECTION 679.340. Effectiveness of right of recoupment or set-off against deposit account.
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1(1) 2Except 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.
39(2) 40Except 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.
83(3) 84The 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 s. 118679.1041(1)(c), 119if the set-off is based on a claim against the debtor.
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