§490:9-327 Priority of security interests in deposit account. The following rules govern priority among conflicting security interests in the same deposit account:
(1) A security interest held by a secured party having control of the deposit account under section 490:9-104 has priority over a conflicting security interest held by a secured party that does not have control.
(2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under section 490:9-314 rank according to priority in time of obtaining control.
(3) Except as otherwise provided in paragraph (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.
(4) A security interest perfected by control under section 490:9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained. [L 2000, c 241, pt of §1]
Section: Previous 490-9-320 490-9-321 490-9-322 490-9-323 490-9-324 490-9-325 490-9-326 490-9-327 490-9-328 490-9-329 490-9-330 490-9-331 490-9-332 490-9-333 490-9-334 NextLast modified: October 27, 2016