§ 569.405. Setoffs prohibited.
31 words·~1 min read·
/us/cfr/t31/s§ 569.405·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. bank or other U.S. person, is a prohibited transfer under § 569.201 if effected after the effective date.