Set-off

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Without qualifying any other statutory right to set off or lien and subject to any contractual provision, if a party is indebted to a financial institution, the financial institution has a right to set-off against the account. The amount of the account subject to set-off is the proportion to which the party is, or immediately before death was, beneficially entitled under section 131h or, in the absence of proof of that portion, an equal share with all parties.


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