RCW 62A.9A-340
157 words·~1 min read·
/wa/title-62a/chapter-62a-9a/62a-9a-340·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Exercise of recoupment or set-off. 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.
(b)Recoupment or set-off not affected by security interest. 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.
(c)When set-off ineffective. 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 RCW 62A.9A-104 (a)(3), if the set-off is based on a claim against the debtor.
[2000 c 250 s 9A-340.]