810 ILCS 5/ Uniform Commercial Code.

Illinois Compiled Statutes (ILCS)

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(810 ILCS 5/) Uniform Commercial Code.

(810 ILCS 5/Art. 9 Pt. 3 Sub. 4 heading) SUBPART 4.

RIGHTS OF BANK

(810 ILCS 5/9-340)

Sec. 9-340.

Effectiveness of right of recoupment or set-off against
deposit account.

(a) Exercise of recoupment or set-off.  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) Recoupment or set-off not affected by security interest.
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) When set-off ineffective.  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 Section
9-104(a)(3), if the set-off is based on a claim against the debtor.

(Source: P.A. 91-893, eff. 7-1-01.)

(810 ILCS 5/9-341)
Sec. 9-341. Bank's rights and duties with respect to deposit account.

Except as otherwise provided in Section 9-340(c), and unless the bank otherwise agrees in a signed record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1) the creation, attachment, or perfection of a

security interest in the deposit account;

(2) the bank's knowledge of the security interest; or
(3) the bank's receipt of instructions from the

secured party.

(Source: P.A. 103-1036, eff. 1-1-25.)

(810 ILCS 5/9-342)

Sec. 9-342.

Bank's right to refuse to enter into or disclose existence of
control agreement.  This Article does not require a bank to enter into an
agreement of the kind described in Section 9-104(a)(2), even if its customer so
requests or directs.  A bank that has entered into such an agreement is not
required
to confirm the existence of the agreement to another person unless requested to
do
so by its customer.

(Source: P.A. 91-893, eff. 7-1-01.)