Oklahoma § 6-910.10 - Right of recoupment or set off
Full text of Oklahoma Oklahoma Statutes § 6-910.10 — Right of recoupment or set off, with citation guidance and answers to common questions.
§ 6-910.10. Right of recoupment or set off
A. Except as provided in subsection B or C of this section, a
bank may not exercise a right of recoupment or set off against a
special deposit.
B. An account agreement may authorize the bank to debit the
special deposit:
1. When the bank becomes obligated to pay a beneficiary, in an
amount that does not exceed the amount necessary to discharge the
obligation;
2. For a fee assessed by the bank that relates to an overdraft
in the special deposit;
3. For costs incurred by the bank that relate directly to the
special deposit; or
4. To reverse an earlier credit posted by the bank to the
balance of the special deposit, if the reversal occurs under an
event or circumstance warranted under other law of this state
governing mistake and restitution.
C. The bank holding a special deposit may exercise a right of
recoupment or set off against an obligation to pay a beneficiary,
even if the bank funds payment from the special deposit.
Added by Laws 2024, c. 174, § 11, eff. Nov. 1, 2024.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-910.10
What does Oklahoma Statutes § 6-910.10 cover?
Section 6-910.10 ("Right of recoupment or set off") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 6-910.10?
A common citation format is "Oklahoma Statutes § 6-910.10" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-910.10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.