Ohio § 1309.340
Full text of Ohio Ohio Revised Code § 1309.340, with citation guidance and answers to common questions.
§ 1309.340.
(A) Except as otherwise provided in division (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) Except as otherwise provided in division (C) of this section, the application of
this chapter 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) 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 that is perfected
by control under division (A)(3) of section 1309.104 of the Revised Code , if the set-off is based on a claim against the debtor.
Frequently Asked Questions About Ohio § 1309.340
What does Ohio Revised Code § 1309.340 cover?
Section 1309.340 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1309.340?
A common citation format is "Ohio Revised Code § 1309.340" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1309.340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.