Priority of security interests in deposit account.

  1. Law
  2. Colorado Revised Statutes
  3. Uniform Commercial Code
  4. Secured Transactions
  5. Priority of security interests in deposit account.

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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 accountunder section 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) of this section, security interests perfected by control under section 4-9-314 rank according to priority in time of obtaining control.

  3. Except as otherwise provided in paragraph (4) of this section, a security interest heldby 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 4-9-104 (a)(3) has priority overa security interest held by the bank with which the deposit account is maintained.

Source: L. 2001: Entire article R&RE, p. 1363, § 1, effective July 1.


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