California § 9340 - Except as otherwise provided in subdivision (c), a bank with which a deposit acco
Full text of California Public Contract Code - PCC § 9340 — Except as otherwise provided in subdivision (c), a bank with which a deposit acco, with citation guidance and answers to common questions.
§ 9340. Except as otherwise provided in subdivision (c), a bank with which a deposit acco
(a) Except as otherwise provided in subdivision (c), a bank with which a deposit account is maintained may exercise any right of recoupment or setoff against a secured party that holds a security interest in the deposit account. (b) Except as otherwise provided in subdivision (c), the application of this division to a security interest in a deposit account does not affect a right of recoupment or setoff of the secured party as to a deposit account maintained with the secured party. (c) The exercise by a bank of a setoff 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 subdivision (a) of Section 9104, if the setoff is based on a claim against the debtor.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 9340
What does Public Contract Code - PCC § 9340 cover?
Section 9340 ("Except as otherwise provided in subdivision (c), a bank with which a deposit acco") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 9340?
A common citation format is "Public Contract Code - PCC § 9340" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 9340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.