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Florida Statute 679.340 - Full Text and Legal Analysis
Florida Statute 679.340 | Lawyer Caselaw & Research
Link to State of Florida Official Statute
F.S. 679.340 Case Law from Google Scholar Google Search for Amendments to 679.340

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS
Chapter 679
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS
View Entire Chapter
F.S. 679.340
679.340 Effectiveness of right of recoupment or set-off 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 set-off 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 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.
(3) 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 s. 679.1041(1)(c), if the set-off is based on a claim against the debtor.
History.s. 3, ch. 2001-198.

F.S. 679.340 on Google Scholar

F.S. 679.340 on CourtListener

Amendments to 679.340


Annotations, Discussions, Cases:

Cases Citing Statute 679.340

Total Results: 1

Brook v. Chase Bank (USA), N.A. (In re Acosta-Garriga)

506 B.R. 149

District Court, M.D. Florida | Filed: Jul 1, 2013 | Docket: 65516739

Published

(governing setoff for a covenant not to sue); § 679.340 (governing setoff against a deposit account);