§ 1-9-340. Effectiveness of right of recoupment or set-off against deposit account
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-9-340
§ 1-9-340. Effectiveness of right of recoupment or set-off against deposit account
Effectiveness of right of recoupment or set-off against deposit account
(c) 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 paragraph (3) of subsection (a) of Section 1-9-104 of this title, if the set-off is based on a claim against the debtor.
Credits
Laws 2000, c. 371, § 67, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-340, OK ST T. 12A § 1-9-340
Current with legislation of the Second Regular Session of the 59th Legislature (2024) effective as of July 1, 2024. Some sections may be more current, see credits for details.
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