# Commercial Law (GCL)

## Title 9. Secured Transactions

### Subtitle 3. Perfection and Priority

#### Section 9-340

(a) Except as otherwise provided in subsection (c), 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 subsection (c), the application of this article 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 which is perfected by control under Sec. 9-104(a)(3), if the set-off is based on a claim against the debtor.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)