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 AS 45.29.104 has priority over a conflicting security interest held by a secured party that does not have control;
(2) except as otherwise provided in (3) and (4) of this section, security interests perfected by control under AS 45.29.314 rank according to priority in time of obtaining control;
(3) except as otherwise provided in (4) of this section, 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 AS 45.29.104 (a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Section: Previous 45.29.320 45.29.321 45.29.322 45.29.323 45.29.324 45.29.325 45.29.326 45.29.327 45.29.328 45.29.329 45.29.330 45.29.331 45.29.332 45.29.333 45.29.334 NextLast modified: November 15, 2016