§ 8.9A-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 § 8.9A-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 § 8.9A-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 § 8.9A-104 (a) (3) has priority over a security interest held by the bank with which the deposit account is maintained.
(1996, c. 216, § 8.9-115; 2000, c. 1007.)Sections: Previous 8.9A-320 8.9A-321 8.9A-322 8.9A-323 8.9A-324 8.9A-325 8.9A-326 8.9A-327 8.9A-328 8.9A-329 8.9A-330 8.9A-331 8.9A-332 8.9A-333 8.9A-334 Next
Last modified: April 3, 2009