47-9327

47-9327. 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 section 47-9104 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 of this section, security
interests perfected by control under section 47-9314 rank according to priority in time
of obtaining control.

3. Except as otherwise provided in paragraph 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 section 47-9104, subsection A,
paragraph 3 has priority over a security interest held by the bank with which the deposit
account is maintained.