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 § 4-9-104 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 § 4-9-314 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 § 4-9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Section: Previous 4-9-320 4-9-321 4-9-322 4-9-323 4-9-324 4-9-325 4-9-326 4-9-327 4-9-328 4-9-329 4-9-330 4-9-331 4-9-332 4-9-333 4-9-334 NextLast modified: November 15, 2016