Legislation
SECTION 9-327
Priority of Security Interests in Deposit Account
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 3, SUBPART 3
Section 9--327. Priority of Security Interests in Deposit Account.
The following rules govern priority among conflicting security
interests in the same deposit account:
(a) A security interest held by a secured party having control of the
deposit account under Section 9--104 has priority over a conflicting
security interest held by a secured party that does not have control.
(b) Except as otherwise provided in subsections (c) and (d), security
interests perfected by control under Section 9--314 rank according to
priority in time of obtaining control.
(c) Except as otherwise provided in subsection (d), 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.
(d) A security interest perfected by control under Section
9--104(a)(3) has priority over a security interest held by the bank with
which the deposit account is maintained.
The following rules govern priority among conflicting security
interests in the same deposit account:
(a) A security interest held by a secured party having control of the
deposit account under Section 9--104 has priority over a conflicting
security interest held by a secured party that does not have control.
(b) Except as otherwise provided in subsections (c) and (d), security
interests perfected by control under Section 9--314 rank according to
priority in time of obtaining control.
(c) Except as otherwise provided in subsection (d), 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.
(d) A security interest perfected by control under Section
9--104(a)(3) has priority over a security interest held by the bank with
which the deposit account is maintained.