Nevada § 104.9340 - Effectiveness of right of recoupment or setoff against deposit account
Full text of Nevada Nevada Revised Statutes § 104.9340 — Effectiveness of right of recoupment or setoff against deposit account, with citation guidance and answers to common questions.
§ 104.9340. Effectiveness of right of recoupment or setoff against deposit account
1. Except as otherwise provided in subsection 3, 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. 2. Except as otherwise provided in subsection 3, the application of this article 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. 3. 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 (c) of subsection 1 of NRS 104.9104 , if the setoff is based on a claim against the debtor.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.9340
What does Nevada Revised Statutes § 104.9340 cover?
Section 104.9340 ("Effectiveness of right of recoupment or setoff against deposit account") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 104.9340?
A common citation format is "Nevada Revised Statutes § 104.9340" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.9340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.