TITLE 6A

Uniform Commercial Code

CHAPTER 6A-9

Secured Transactions

PART 6A-9-301

Perfection and Priority

SECTION 6A-9-327



   § 6A-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 § 6A-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 § 6A-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 §

6A-9-104(a)(3)has priority over a security interest held by the bank with which

the deposit account is maintained.



History of Section.

(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)