§ 546.410. Setoffs prohibited.
47 words·~1 min read·
/us/cfr/t31/s§ 546.410·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A setoff against blocked property (including a blocked account), whether by a U.S. financial institution or other U.S. person, is a prohibited transfer under § 546.201 if effected after the effective date. \[74 FR 25432, May 28, 2009, as amended at 89 FR 15749, Mar. 5, 2024\]